Posts
February 04 2021
Client Alert: NYSDOL Issues Guidance Expanding NY Quarantine Leave Entitlement
Since the beginning of the COVID-19 pandemic, New York State has mandated that employers provide job protected, and for most employers, paid COVID-19 sick leave to employees who could not work because they or their child are subject to a mandatory or precautionary order of quarantine or isolation due to COVID-19 (“NY Quarantine Leave”). However, the New York State Department of Labor (“NYSDOL”) has now issued guidance that requires employers to provide employees with up to three (3) separate periods of NY Quarantine Leave under certain limited circumstances.
Click here to read the alert.
February 04 2021
Noble Rock Acquisition Corporation announced the closing of its initial public offering in the amount of $241,500,000. EGS acted as counsel to the underwriter.
February 04 2021
MDH Acquisition Corp. announced the closing of its initial public offering in the amount of $276,000,000. EGS acted as counsel to the underwriter.
February 04 2021
SPACs Surged In January Following Record-Breaking 2020
The boom in special purpose acquisition companies shattered previous records in January, forcing capital markets lawyers to keep up with a frenetic pace of new issuances for these acquisition-minded vehicles even as ordinary IPO activity also remains. Meanwhile, Ellenoff Grossman & Schole LLP steered 34 IPOs while Kirkland & Ellis LLP worked on 24 offerings, mostly for SPACs, according to monthly IPO totals tracked by Nasdaq plus U.S. Securities and Exchange Commission filings.
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February 04 2021
Advent Technologies Inc. and AMCI Acquisition Corp., a special purpose acquisition company, announced that they have completed their previously announced business combination. The combined company, Advent Technologies Holdings, Inc., began trading on Nasdaq February 5, 2021, under the ticker symbol “ADN”. In connection with the closing of the business combination, AMCI Acquisition Corp. also closed its previously announced private placement of $65 million. EGS acted as counsel to AMCI Acquisition Corp.
February 03 2021
United States Antimony Corporation announced the closing of their Registered Direct offering in the amount of $10,710,000. EG&S acted as counsel to the Placement Agent.
February 03 2021
Client Alert: Cuomo Says NY Restaurant Workers Now Eligible For COVID-19 Vaccine
Governor Cuomo has announced that restaurant workers will now be eligible for the COVID-19 vaccine if their local health department agrees. Specifically, the state has granted localities the flexibility to add restaurant workers to the 1b vaccine prioritization group, provided that the local vaccine supply is sufficient.
Click here to read the alert.
February 01 2021
Digital Ally, Inc. announced the closing of its registered direct offering in the amount of $40,000,000. EGS acted as counsel to Kingswood Capital Markets, the exclusive placement agent for the offering.