On September 28, 2020, due to the ongoing COVID-19 pandemic, the US Securities and Exchange Commission (SEC) approved the New York Stock Exchange’s (NYSE) request to further extend the waiver of shareholder approval requirements for certain security issuances through December 31, 2020. The NYSE’s stated purpose for the temporary waiver was to provide relief for NYSE-listed companies with urgent liquidity needs due to, for example, lost revenues and maturing debt obligations during the COVID-19 pandemic, enabling NYSE-listed companies to access additional capital that might not be available in the public equity or credit markets. Continue reading >