Posts
November 17 2021
Kidpik Corp. announced the closing of its initial public offering in the amount of $18,000,000. EGS acted as counsel to EF Hutton, division of Benchmark Investments, LLC, the sole book-running manager for the offering.
November 17 2021
SoundHound, Inc., which makes a voice artificial-intelligence platform used by global corporations including Hyundai, Mercedes-Benz, Snap Inc. and Mastercard Inc., has agreed to go public through a business combination with Archimedes Tech SPAC Partners Co. The transaction values SoundHound at a pro-forma enterprise value of about $2.1 billion. The deal is expected to close in the first quarter of 2022, with the combined company set to be named SoundHound AI Inc. and listed on Nasdaq under the ticker “SOUN.” EGS acted as counsel to SoundHound, Inc.
November 17 2021
Client Alert: Follow-Up on Revised 80%-20%-30 min. DOL Final Rule For Tipped Employees: Interaction With NYS 80%-20%-2 hr. Rule
Following up on our Client Alert regarding a new U.S. Department of Labor Final Rule pertaining to tipped employees, that restricts the ability to take a tip credit from the full minimum wage for time in excess of 30 consecutive minutes or 20% of the employee’s workweek spent on Directly-Supporting Work (the “FLSA Final Rule”), we write to alert you to the interaction between the FLSA Final Rule and New York’s 80/20 rule.
Click here to read the alert.
November 16 2021
Client Alert: New York State Passes New Law Requiring Employers to Automatically Enroll Employees in State-Run IRA Program
Under the recently-enacted “New York Secure Choice Savings Program” law (“NYS Savings Program”), employers in New York State will now be required to automatically enroll employees in a state-run IRA retirement savings program, unless the employer already offers a retirement program.
Click here to read the alert.
November 15 2021
Congrats to EGS client Eataly’s North American CEO, Raffa Piarulli on the great article (and picture!) in this week’s Crains.
Click here to read the article.
November 15 2021
Ilan Weiser, a member of the Firm, wrote an article for Total Food Service titled: “Contracts 101 for Hosting Private Events Post-Pandemic.”
Click here to read the article.
November 15 2021
Client Alert: OSHA Enforcement Suspended for COVID-19 Vaccination Requirement for Employers with 100+ Employees
Per our previous Client Alert, on November 4, 2021 OSHA issued an Emergency Temporary Standard regarding COVID-19 vaccination and testing requirements for employers with 100 or more employees (the “100+ ETS”). The 100+ ETS was effective as of November 5, 2021.
Click here to read the alert.
November 15 2021
Apeiron Capital Investment Corp. announced the closing of its initial public offering in the amount of $172,500,000. EGS acted as counsel to Apeiron Capital Investment Corp.