Posts
January 29 2021
Client Alert: NYC Indoor Dining to Resume on Valentine’s Day
Governor Cuomo has just announced that effective February 14, 2021, restaurants in New York City may reopen for indoor dining, with capacity limited to 25%.
Click here to read the alert.
January 29 2021
Transenterix, Inc. announced the closing of their Underwritten offering in the amount of $69,250,000. EG&S acted as counsel to the Underwriter.
January 29 2021
Complimentary Hospitality Webinar: “Where Do We go From Here?: 2.0”
As the hospitality industry continues to adjust to a “new dining” normal, there are many new regulations, procedures and insurance concerns that restaurants and other hospitality businesses must adapt to for continued recovery and future success.
Click here to register.
January 28 2021
ITHAX Acquisition Corp. announced the closing of its initial public offering in the amount of $210,000,000. EGS acted as counsel to the underwriter.
January 28 2021
Andina Acquisition Corp. III and Stryve Foods LLC, an emerging healthy snack platform disrupting traditional snacking categories, announced a definitive agreement for a business combination that would result in Stryve becoming a public company. Upon closing of the transaction, the combined company will be renamed Stryve Foods, Inc. and is expected to remain listed on the NASDAQ under the ticker SNAX. EGS acted as counsel to Andina Acquisition Corp. III.
January 28 2021
Agrify Corporation announced the closing of its initial public offering in the amount of $54,000,000. EGS acted as counsel to Maxim Group LLC, one of the joint book-running managers for the offering.
January 28 2021
Andina Acquisition Corp. III (“Andina”), a publicly-traded special purpose acquisition company, and Stryve Foods LLC (“Stryve”), an emerging healthy snack platform, announced today a definitive agreement for a business combination that would result in Stryve becoming a public company, based on an enterprise value of Stryve of $130,000,000. Upon closing of the transaction, the combined company will be renamed Stryve Foods, Inc. and is expected to remain listed on the NASDAQ under the ticker SNAX. In connection with the execution of the definitive agreement for the business combination, Andina also signed binding commitments for a private placement of $42,500,000 to be consummated at the closing of the business combination, and bridge financing directly into Stryve of $10,600,000 at the time of signing of the definitive agreement which will be exchanged for shares of the combined company at the closing of the business combination. EGS acted as counsel to Andina.
January 28 2021
Client Alert: New York Expands Unemployment Benefits Eligibility for Part-Time Workers
Since the beginning of the COVID-19 pandemic, many employers have been forced to reduce employees’ work schedules. Under newly-revised New York State Department of Labor rules, partial unemployment benefits will now be available to more employees working part-time.
Click here to read the alert.