Posts
September 08 2021
Scion of Billionaire Family Says SPAC Mergers Are Here to Stay
Gaurav Burman, who hails from a billionaire Indian consumer-goods family, says the boom in blank-check company mergers may have eased, but don’t expect SPACs to go away.
www.bloomberg.com
September 07 2021
Client Alert: NY Hero Act Prevention Plans Should Be Implemented Immediately
Yesterday, Governor Kathy Hochul announced that the New York Commissioner of Health has designated COVID-19 as a highly contagious communicable disease that presents a serious risk of harm to the public health under the NY HERO Act. As such, all New York employers must now activate and adhere to their NY HERO Act Prevention Plans.
Click here to read the alert.
September 06 2021
Tikehau Capital Joins Race for Singapore’s First SPAC
Investment manager Tikehau Capital SCA is planning to raise as much as S$300 million ($223 million) by listing a special purpose acquisition company in Singapore, according to people familiar with the matter, joining firms jostling to take advantage of the city-state’s new listing framework
www.bloomberg.com
September 04 2021
SPACs Expected to Help Singapore Break Driest IPO Spell in Years
Blank-check companies could revive Singapore’s languishing market for initial public offerings as stock exchanges from Mumbai to Seoul profit from blockbuster deals.
www.bloomberg.com
August 31 2021
Vice Media had for months been discussing going public via a number of SPACs yet today The Information reported that it had raised $85M (mostly from existing shareholders) and has tabled SPAC talks. Another blow for a SPAC market that seems to be taking punches from all sides recently.
www.thestreet.com
August 27 2021
49 Law Firms Unite and Push Back on Recent SPAC Litigation
In response to the recent PR machine from former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, which have put out multiple statements in the press noting they intend to litigate SPACs for Investment Company Act of 1940 issues, an astonishing49 law firms have coalesced to release a response to these allegations.
www.spacinsider.com
August 18 2021
Client Alert: Further Updates To Key To NYC Program Requiring Proof Of Vaccination For Certain Indoor Activities
As per our previous client alert, the Key to NYC Program, which launched yesterday, will require individuals to show proof of vaccination in order to participate in indoor entertainment, recreation, dining and fitness.
Click here to read the alert.
August 17 2021
Ackman says SPAC does not need to be registered, pushes back on lawsuit
Billionaire hedge fund manager William Ackman said on Tuesday his blank-check acquisition company is not an investment firm that needs to register with U.S. regulators, pushing back against a lawsuit that alleges that his Pershing Square Tontine Holdings has improperly invested in securities.
www.reuters.com