Rimon

OneMedNet Announces de-SPAC Transaction with estimated value of $317 million with Data Knights Acquisition Corp.

IM Report OneMedNet Announces de-SPAC Transaction with estimated value of $317 million with Data Knights Acquisition Corp. Debra Vernon · OneMedNet Announces de-SPAC Transaction with estimated value of $317 million with Data Knights Acquisition Corp. Robert (Bob) Cocchia · OneMedNet Announces de-SPAC Transaction with estimated value of $317 million with Data Knights Acquisition Corp. Thomas M. White · OneMedNet Announces de-SPAC Transaction with estimated value of $317 million with Data Knights Acquisition Corp. Craig Tanner · OneMedNet Announces de-SPAC Transaction with estimated value of $317 million with Data Knights Acquisition Corp. Marc Kaufman · OneMedNet Announces de-SPAC Transaction with estimated value of $317 million with Data Knights Acquisition Corp. Juan Grana · OneMedNet Announces de-SPAC Transaction with estimated value of $317 million with Data Knights Acquisition Corp. Katie Hyman · OneMedNet Announces de-SPAC Transaction with estimated value of $317 million with Data Knights Acquisition Corp. Debbie A. Klis · OneMedNet Announces de-SPAC Transaction with estimated value of $317 million with Data Knights Acquisition Corp. Steven P. Eichel · OneMedNet Announces de-SPAC Transaction with estimated value of $317 million with Data Knights Acquisition Corp. Victoria Yang · April 26, 2022

We congratulate our client, OneMedNet Corporation, on the announcement of their de-SPAC transaction with Data Knights Acquisition Corp. The transaction will result in a newly combined company named OneMedNet. Upon closing, OneMedNet will continue to be led by its CEO, Mr. Paul Casey, a 40-year public company veteran with a proven track record driving value…

Continue Reading…

EB-5 Reform and Integrity Act Set to Reauthorize EB-5 Regional Center Program Through September 30, 2027

IM Report EB-5 Reform and Integrity Act Set to Reauthorize EB-5 Regional Center Program Through September 30, 2027 Debbie A. Klis · EB-5 Reform and Integrity Act Set to Reauthorize EB-5 Regional Center Program Through September 30, 2027 Sonia Oliveri · March 11, 2022

After more than eight months of a lapsed EB-5 Regional Center Program (the “Program”), Senators Charles Schumer (D-NY) and Charles Grassley (R-IA) have agreed on an EB-5 reform bill (the “EB-5 Reform and Integrity Act” or “Act”) that will re-start the Program, as part of the $1.5 trillion Consolidated Appropriations Act of 2022, the omnibus…

Continue Reading…

SEC is Weighing 50+ New Rules which Affect SPACs, ESG Matters, Private Companies and Private Funds … Some Could Arrive by this Spring

IM Report SEC is Weighing 50+ New Rules which Affect SPACs, ESG Matters, Private Companies and Private Funds … Some Could Arrive by this Spring Debbie A. Klis · February 14, 2022

The financial news since the start of 2022 has contained numerous articles concerning the Securities and Exchange Commission’s (“SEC”) more than 50 proposed rules that Chairman Gary Gensler is considering, representing one of the largest regulatory initiatives by the SEC in decades.  Particularly of note, Gensler emphasized his desire for greater competition and efficiency in…

Continue Reading…

Sustainability also plays a role in restructuring

IM Report Sustainability also plays a role in restructuring Bernd Geier · Sustainability also plays a role in restructuring Oliver Otto · February 11, 2022

Published by Börsen-Zeitung, Magazine for Financial Markets (Edition 20, January 29, 2022) The regulations of the EU Green Deal are gradually phasing in since March of last year. Issuers are required to report on the sustainability of their business activities. Financial intermediaries need to inform their clients about the sustainability of financial products. Thus, incentives…

Continue Reading…

SEC Exam Risk Alert on Private Fund Advisers

IM Report SEC Exam Risk Alert on Private Fund Advisers Geoffrey Perusse · February 3, 2022

On January 27, 2021 the Division of Examinations of the Securities and Exchange Commission published their second risk alert focused on Private Fund Advisor deficiencies commonly noted in connection with their examinations. These include: Conduct Inconsistent with Disclosures Failure to obtain informed consent from Limited Partner Advisory Committees, Advisory Boards or Advisory Committees (collectively “LPACs”)…

Continue Reading…

Climate-responsible finance and the European Union’s taxonomy

IM Report Climate-responsible finance and the European Union’s taxonomy Olivia Lê Horovitz · November 22, 2021

Enacted on July 12, 2020, the EU Regulation 2020/852, known as the Taxonomy Regulation, attempts to redirect capital flow and investments towards more “sustainable” activities, while requiring more transparency from certain companies. It is applicable to the following companies, with more than 500 employees over the financial year and a balance sheet of more than…

Continue Reading…

SEC Chairman Gensler Reveals Main Components of his Agenda: 10b5 Plans, SPACs and DEPS

IM Report SEC Chairman Gensler Reveals Main Components of his Agenda:  10b5 Plans, SPACs and DEPS Debbie A. Klis · September 14, 2021

On September 9, 2021, SEC Chairman Gary Gensler revealed the main components of his agenda in a speech before the SEC’s Investment Advisory Committee, which included: 1. Behavioral Design of Online Trading Platforms and use of DEPs Chairman Gensler discussed the “proliferation” of online trading and management apps and robo-advisers, called digital engagement practices (DEPs).…

Continue Reading…

Chinese Companies Listed on US Exchanges Must Disclose Potential Risk Associated with Potential Government Interference According to an SEC Official

IM Report Chinese Companies Listed on US Exchanges Must Disclose Potential Risk Associated with Potential Government Interference According to an SEC Official Debbie A. Klis · July 27, 2021

On July 26, 2021, a senior U.S. Securities and Exchange Commission official, Allison Lee, advised that Chinese companies listed on U.S. stock exchanges must disclose the potential risks associated with the Chinese government interfering in their businesses, as part of their normal reporting requirements. The genesis of SEC’s comment is believed to be the recent…

Continue Reading…

Alert to Broker-Dealers and Hedge Funds: SEC Charges Broker-Dealer with Naked Short-Selling Violations

IM Report Alert to Broker-Dealers and Hedge Funds: SEC Charges Broker-Dealer with Naked Short-Selling Violations Debbie A. Klis · May 28, 2021

On May 19, 2021, the Securities and Exchange Commission (“SEC”) charged a broker-dealer, BTIG, LLC (“BTIG”), with repeatedly violating the (i) order-marking and (ii) locate provisions of Regulation SHO, in connection with more than 90 sale orders from a single hedge fund customer. Regulation SHO regulates short sales of securities and is aimed, in large…

Continue Reading…

Latest News on ESG Regulations and Investing

IM Report Latest News on ESG Regulations and Investing Debbie A. Klis · May 11, 2021

Environmental, social and governance (ESG) factors have become a key discussion point in the asset  management industry, with many managers incorporating ESG considerations into the investment processes.  In 2019, ESG investment funds increased by $70 billion while traditional equity funds saw an outflow of $200 billion.  ESG investments continue to increase in comparison to “traditional” equity…

Continue Reading…