Posts
April 30 2021
Client Alert: NYC Restaurant Capacity To Expand To 75%
Governor Cuomo has just announced that effective May 7, 2021, indoor dining capacity for NYC restaurants will increase to 75%, catching NYC up to the rest of the state.
Click here to read the alert.
April 28 2021
Galileo Acquisition Corp. (“Galileo”), a New York Stock Exchange listed special purpose acquisition company, and Shapeways, Inc. (“Shapeways”), a leading global digital manufacturing platform driven by proprietary software, announced on April 28, 2021 that they have entered into a definitive merger agreement for a business combination in which Shapeways will be acquired by and taken public by Galileo with Shapeways valued at a $410 million pro forma enterprise value. Upon closing of the transaction, the combined company will be named Shapeways Holdings, Inc. Galileo also announced that it received binding commitments for $75 million in PIPE financing in connection with the merger agreement. EGS acted as counsel to Galileo.
April 28 2021
Client Alert: Imminent Changes For NY Restaurants – And – Restaurant Revitalization Fund Grant Program Registration & Application To Finally Open
Today, Governor Cuomo announced some welcome changes for restaurants and bars, including bar seating to be allowed everywhere and curfews are being lifted.
Click here to read the alert.
April 27 2021
Blue Water Acquisition Corp., a special purpose acquisition company, and Clarus Therapeutics Inc., a pharmaceutical company dedicated to providing solutions to unmet medical needs by advancing androgen and metabolic therapies for men and women, announced their entrance into a definitive business combination agreement that will result in Clarus becoming part of a publicly traded company. The transaction is valued at $379 million on a post-closing pro forma fully diluted basis, assuming no redemptions. EGS acted as counsel to Blue Water Acquisition Corp.
April 27 2021
Complimentary Hospitality Webinar: “Where Do We Go From Here:’ 3.0”
As the hospitality industry continues to adjust and recover, there are many new trends and regulations that restaurants and other hospitality businesses must adapt to for continued recovery and future success. You asked and we listened! Please join a panel of experts from HUB International, Ellenoff Grossman & Schole LLP, the New York State Restaurant Association and Total Food Service magazine for our next must-attend, informative hospitality industry webinar.
Click here to register.
April 27 2021
Client Alert: U.S. Small Business Association Guidance On Restaurant Revitalization Fund
Last Friday, the New York State Restaurant Association hosted a webinar with representatives from the U.S. Small Business Association (SBA) about the Restaurant Revitalization Fund (RRF) program. The SBA’s slides, which can be found here, are a useful resource for businesses intending to apply for a RRF grant once the SBA makes applications available.
Click here to read the alert.
April 23 2021
Client Alert: Recent Employment-Related Legislation in Illinois
Businesses with employees in Illinois should be aware that recent amendments to the Illinois Human Rights Act, the Illinois Business Corporation Act and the Illinois Equal Pay Act impose new obligations with respect to the use of criminal background checks in making employment decisions, equal pay reporting obligations and obtaining equal pay registration certificates.
Click here to read the alert.
April 22 2021
Client Alert: SEC’s Interim Final Rule to Implement the Holding Foreign Companies Accountable Act
We have informed our clients of recent regulatory activity regarding implementing Holding Foreign Companies Accountable Act (“HFCA Act”). On March 24, 2021, the Securities and Exchange Commission (the “SEC”) adopted interim final amendments to Forms 20-F, 40-F, 10-K, and NCSR to implement the disclosure and submission requirements of the HFCA Act, which became law on December 18, 2020.
Click here to read the alert.