SPAC

Greenberg Traurig's Seth Entin Speaks About International Tax Issues Impacting Businesses

Retrieved on: 
Thursday, January 27, 2022 - 10:15pm

MIAMI, Jan. 27, 2022 /PRNewswire-PRWeb/ --Miami Tax Shareholder Seth J. Entin of global law firm Greenberg Traurig, P.A ., spoke at two recent professional events about significant changes and developments in the international tax arena that are impacting businesses in the U.S. and globally.

Key Points: 
  • MIAMI, Jan. 27, 2022 /PRNewswire-PRWeb/ --Miami Tax Shareholder Seth J. Entin of global law firm Greenberg Traurig, P.A ., spoke at two recent professional events about significant changes and developments in the international tax arena that are impacting businesses in the U.S. and globally.
  • He discussed the tax issues and planning considerations that arise when a Special Purpose Acquisition Company (SPAC) combines with a target company.
  • Entin addressed various tax scenarios that can arise when U.S. and foreign SPACs merge with local or foreign target companies.
  • With more than 23 years of experience, Entin focuses his practice on the international taxation of high-net-worth individuals and families, international corporate taxation, Internal Revenue Service (IRS) international tax audits, and IRS voluntary disclosures.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Social Capital Suvretta Holdings Corp. I (Nasdaq – DNAA), Abri SPAC I, Inc. (Nasdaq – ASPA), Breeze Holdings Acquisition Corp. (Nasdaq – BREZ)

Retrieved on: 
Thursday, January 27, 2022 - 7:21pm

If you own shares and wish to discuss the investigation, contact Jason Brodsky or Marc Ackerman at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky or Marc Ackerman at 855-576-4847.
  • Under the terms of the agreement, Social Capital I shareholders will retain ownership of 23% of the combined company.
  • Under the terms of the agreement, Breeze Holdings shareholders will retain ownership of 8.4% of the combined company.
  • Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits.

Ayr Wellness Adds Joyce Johnson-Miller to Board of Directors

Retrieved on: 
Thursday, January 27, 2022 - 12:51pm

MIAMI, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (Ayr or the Company), a leading vertically integrated U.S. multi-state cannabis operator (MSO), today announced that it has welcomed Joyce Johnson-Miller to the Companys Board of Directors.

Key Points: 
  • MIAMI, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (Ayr or the Company), a leading vertically integrated U.S. multi-state cannabis operator (MSO), today announced that it has welcomed Joyce Johnson-Miller to the Companys Board of Directors.
  • Joyce brings valuable experience and presence to our Board of Directors, said Jonathan Sandelman, Founder, Chairman and CEO of Ayr.
  • Ayr is an expanding vertically integrated, U.S. multi-state cannabis operator, focused on delivering the highest quality cannabis products and customer experience throughout its footprint.
  • Ayr strives to enrich consumers experience every day through the wellness and wonder of cannabis.

Business Combination With Azerion on Course to Be Completed on 1 February 2022

Retrieved on: 
Thursday, January 27, 2022 - 6:15pm

AMSTERDAM, Jan. 27, 2022 (GLOBE NEWSWIRE) -- European FinTech IPO Company 1 B.V. (“EFIC1”), a special purpose acquisition company (SPAC) listed on Euronext Amsterdam (ticker symbol: EFIC1 and EFICW), announced on 13 December 2021 in a joint press release with Azerion Holding B.V. (“Azerion”), a high-growth, EBITDA profitable, digital entertainment and media company, that they have reached an agreement to create a business combination (the “Business Combination”), pursuant to which EFIC1 will acquire 100% of the issued and outstanding share capital of Azerion (the “Business Combination Agreement”).

Key Points: 
  • If the Minimum Cash Condition is not satisfied, Azerion and Azerions shareholders have the right to waive the Minimum Cash Condition under the terms of the Business Combination Agreement.
  • However, we are pleased to announce that Azerion and Azerions shareholders have exercised their right to waive the Minimum Cash Condition.
  • Atilla Aytekin, co-CEO of Azerion, says: We welcome our new shareholders and are delighted that Azerion will be continuing its exciting growth journey as a publicly listed company.
  • EFIC1 aims to complete a Business Combination with a suitable partner that operates or is headquartered in Europe, including the United Kingdom, or Israel.

OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Acquires Vira Drones, a European Manufacturer of Pioneering Industrial Unmanned Aerial Vehicles for Rescue and Logistics

Retrieved on: 
Wednesday, January 26, 2022 - 1:42pm

The company has agreed to acquire Vira Drones, an Unmanned Aerial Vehicle (UAV) company based in Germany and Switzerland.

Key Points: 
  • The company has agreed to acquire Vira Drones, an Unmanned Aerial Vehicle (UAV) company based in Germany and Switzerland.
  • Vira Drones currently creates industrial heavy drones (UAVs) for rescue and logistics.
  • Within this, the market for light helicopters used for logistics and rescue is estimated to be between $2 and $3 billion.
  • Vira Drones anticipates that at least 20% and up to 50% of these light helicopters can be replaced by industrial drones.

Perella Weinberg Partners Announces New Partners

Retrieved on: 
Tuesday, January 25, 2022 - 1:07pm

Prior to joining PWP, Mr. Brassart was at Credit Suisse, where he served as a Managing Director in the Energy, Transport & Infrastructure team.

Key Points: 
  • Prior to joining PWP, Mr. Brassart was at Credit Suisse, where he served as a Managing Director in the Energy, Transport & Infrastructure team.
  • Perella Weinberg Partners is a leading global independent advisory firm, providing strategic and financial advice to a broad client base, including corporations, institutions, governments, sovereign wealth funds and private equity investors.
  • For more information on Perella Weinberg Partners, please visit: http://www.pwpartners.com .
  • For Perella Weinberg Partners Investor Relations: investors@pwpartners.com
    For Perella Weinberg Partners Media: media@pwpartners.com

Business Combination With Azerion to Be Approved at EGM Pursuant to Voting Instructions Received From EFIC1's Shareholders

Retrieved on: 
Tuesday, January 25, 2022 - 5:33pm

The completion of the Business Combination is subject to certain customary completion conditions, including the formal approval of the Business Combination and certain other agenda items (as described below), by EFIC1s shareholders at the extraordinary meeting of shareholders which is convened for 31January2022 (the EGM).

Key Points: 
  • The completion of the Business Combination is subject to certain customary completion conditions, including the formal approval of the Business Combination and certain other agenda items (as described below), by EFIC1s shareholders at the extraordinary meeting of shareholders which is convened for 31January2022 (the EGM).
  • EFIC1s shareholders could only exercise their voting rights by granting a proxy with voting instructions up to 17:30 CET on 24January2022, and cannot vote real time during the EGM.
  • As a result, the shareholder approval conditions under the Business Combination agreement will be satisfied at the EGM.
  • Consequently, subject to fulfilment or waiver of the remaining completion conditions, the Business Combination is on course to be completed on 1February2022.

Gryphon Advisors Becomes Morrow Sodali (Canada) Ltd.

Retrieved on: 
Thursday, January 27, 2022 - 4:38pm

Gryphon Advisors, Inc. (Gryphon), Canadas best-in-class full-service proxy solicitation, contested situations, corporate governance advisory and strategic shareholder services firm has formally changed its name to Morrow Sodali (Canada) Ltd., effective January 24, 2022.

Key Points: 
  • Gryphon Advisors, Inc. (Gryphon), Canadas best-in-class full-service proxy solicitation, contested situations, corporate governance advisory and strategic shareholder services firm has formally changed its name to Morrow Sodali (Canada) Ltd., effective January 24, 2022.
  • Morrow Sodalis recent acquisition of Gryphon bolstered its Canadian offering, now ranking the firm first among activist advisors in the Canadian market according to Bloombergs recently released 2021 Global Activism Review.
  • Morrow Sodali was also ranked number one M&A proxy solicitor by The Deal (U.S.) and Mergermarket (globally) for both 2021 and 2020.
  • As we continue to build upon our global franchise as the leading corporate advisor in high-stakes situations and stakeholder engagement, we look to grow both organically and through quality acquisitions of top firms like Gryphon Advisors, commented Adam Frederick, Morrow Sodalis Global President.

In 2021 Startup Employees Paid $11 Billion in Unnecessary Taxes

Retrieved on: 
Thursday, January 27, 2022 - 1:00pm

Secfi, the leading equity planning platform helping startup employees navigate financial decisions from offer to IPO, today published their annual State of Stock Options Report.

Key Points: 
  • Secfi, the leading equity planning platform helping startup employees navigate financial decisions from offer to IPO, today published their annual State of Stock Options Report.
  • More than 20,000 startup employees have used Secfis platform for equity planning, representing $25 billion in equity.
  • Secfis second annual State of Stock Options Report analyzes how startup employees managed their personal stock options in 2021.
  • Secfi is trusted by thousands of startup employees for equity planning and financing.

Syniverse Releases Inaugural ESG Annual Report

Retrieved on: 
Wednesday, January 26, 2022 - 9:05pm

Syniverse Corporation (Syniverse or the Company), the worlds most connected companyTM and a premier global technology provider of mission-critical mobile platforms for carriers and enterprises, is pleased to announce the publication of its inaugural Environmental, Social and Governance (ESG) Annual Report (The Report), detailing the companys ESG strategy and performance for the 2020 calendar year.

Key Points: 
  • Syniverse Corporation (Syniverse or the Company), the worlds most connected companyTM and a premier global technology provider of mission-critical mobile platforms for carriers and enterprises, is pleased to announce the publication of its inaugural Environmental, Social and Governance (ESG) Annual Report (The Report), detailing the companys ESG strategy and performance for the 2020 calendar year.
  • Syniverse conducted an inaugural materiality assessment to identify and prioritize key non-financial topics for its business and stakeholders.
  • The Companys resulting ESG strategy and framework is titled RISE, an acronym that identifies the four areas critical to its long-term sustainability and success.
  • These comprise:
    Highlights of The Report include:
    Continued disclosure of Scope 1, 2, and 3 emissions to CDP
    The full report is available here .