Posts
August 17 2021
SPAC Boom Creates Fresh Targets for Short Sellers, Activists
When Genius Sports Ltd. merged with a blank-check company earlier this year, it became part of the the hottest trend on Wall Street this side of meme stocks. Its deal to combine with the publicly traded DMY Technology Group Inc. II was a relatively easy way for the then-private Genius to list its shares on the New York Stock Exchange.
www.bloomberg.com
August 16 2021
Client Alert: NYC Updates Key To NYC Program Requiring Proof Of Vaccination For Certain Indoor Activities
As explained in our previous Client Alert, effective tomorrow, New York City 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 16 2021
Investment platform OurCrowd in negotiations for $1 billion SPAC merger
Going public via a merger with a special purpose acquisition company (SPAC) has seen numerous Israeli hi-tech companies hit Wall Street over the past year. Jerusalem-based investment platform OurCrowd looks set to follow in their footsteps, with Calcalist learning that it is in negotiations with a SPAC traded on Nasdaq to go public at a valuation of over $1 billion.
www.calcalistech.com
August 16 2021
Tim Hortons China to Go Public in $1.7 Billion SPAC Deal
The company running the Chinese business of iconic Canadian coffee shop chain Tim Hortons agreed to go public through a merger with blank-check company Silver Crest Acquisition Corp.
www.bloomberg.com
August 11 2021
Client Alert: NYC COVID-19 Surcharge And Federal COBRA Subsidy Expiring Soon
Though the COVID-19 pandemic looks to be back on the upswing, two COVID-19 laws are expiring shortly: the law allowing restaurants in NYC to apply a COVID-19 surcharge to customer checks, and the law providing a COBRA subsidy to eligible employees who lost health coverage due to termination of employment or reduction in hours.
Click here to read the alert.
August 09 2021
Client Alert: NYC Restaurants with Fewer Than 100 Employees Eligible for Return-to-Work Tax Credit
New York State has launched a $35 million Restaurant Return-to-Work Tax Credit Program which provides an incentive to COVID-19-impacted restaurants to get employees back to work and increase hiring (the “Tax Credit Program”). Qualifying businesses are eligible for a tax credit of up to $5,000 per new worker hired and up to a maximum of $50,000 per business.
Click here to read the alert.
August 03 2021
Client Alert: NYC Will Require Vaccination For Indoor Activities
This morning, Mayor Bill de Blasio announced that New York City will soon require individuals to be vaccinated in order to participate in certain indoor activities.
Click here to read the alert.
July 29 2021
Vacasa to Go Public in $4.5 Billion SPAC Merger on Heels of Vacation Rentals Surge
Vacasa, the largest full-service vacation rental property management company in the U.S., said on Thursday it planned to merge with blank check company TPG Pace Solutions.
www.skift.com