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Trump's $100K H-1B Fee: 'Early Teams Can't Swallow That Tax' CEO Says As Startups Brace For Impact
Yahoo Finance· 2025-09-26 02:01
Core Points - The introduction of a $100,000 fee for H-1B visa applications has raised concerns in the technology sector, particularly among startups, which fear it could hinder their ability to hire talent and shift talent to other countries like Canada and the U.K. [1][3] - The fee will only apply to new petitions starting with the next lottery cycle, not affecting current visa holders or renewals, which has somewhat alleviated immediate concerns for existing H-1B holders [2][1] - Larger technology firms may be able to absorb the new costs, but early-stage companies, which are often capital-constrained, are likely to be disproportionately affected [3][5] Industry Reactions - Startup founders and investors have expressed that the new fee could fundamentally alter hiring practices for young companies, with some suggesting that it may drive talent to cities outside the U.S. [4][3] - Industry leaders, such as Y Combinator's CEO, have warned that the fee could severely impact startups, describing it as a mistake that could "kneecap" them [5] - The immigration technology startup Boundless emphasized that the U.S. has historically attracted top talent through favorable policies, and such changes could jeopardize its status as a global innovation leader [5] Legal and Regulatory Considerations - Boundless noted that new visa fees typically require legislative action or a formal rulemaking process, suggesting that this policy may face legal challenges [6]
CANPR Technology Ltd. Announces Director Nominations for Upcoming Shareholder Meeting, Adoption of Advance Notice By-Law
Newsfile· 2025-09-19 10:39
Core Points - CANPR Technology Ltd. will hold its annual general and special meeting of shareholders on October 24, 2025, at 11:00 a.m. Toronto time [1] - The board has nominated three incumbents and three new nominees for election as directors, while two current directors will not seek re-election [2] - The company has adopted an Advance Notice By-law to ensure shareholders receive adequate notice regarding director nominations [10][11] Company Updates - The nominated incumbents are Stephen Smith, Dexter John, and Akshat Soni, while the new nominees are Travis Kanellos, Jay Wilgar, and Ungad Chadda [2] - Ted Hastings and Uppekha Jain will not be seeking re-election, and the company appreciates their contributions [3] - Akshat Soni, CEO, expressed excitement about the new nominees, highlighting their expertise in scaling platforms and governance [3] New Board Members' Profiles - Travis Kanellos has over 16 years of experience in technology, cannabis, and vertical farming, co-founding CanPR Technology Inc. and achieving over 1 million app downloads [4][5] - Jay Wilgar was the founder and CEO of Newstrike Brands Ltd., overseeing its growth and acquisition for over $300 million [6][8] - Ungad Chadda has extensive experience in capital markets and has held senior roles at TMX Group, contributing to various public company boards [9] By-Law Details - The Advance Notice By-law requires shareholders to provide notice for director nominations 30 days before an annual meeting or 10 days after a public announcement if less than 60 days' notice is given [11] - The By-law takes effect immediately but requires shareholder ratification at the upcoming meeting [12] Company Overview - CanPR Technology Ltd. is a leader in Canadian immigration administration, providing digital solutions to simplify the newcomer journey [13]