At its September 16, 2020, meeting, the FASB ratified the EITF’s
consensus-for-exposure on Issue 19-C, “Warrant Modifications: Issuers’ Accounting
for Modifications of Equity Classified Freestanding Call Options That Are Not Within
the Scope of Topic 718, Compensation—Stock Compensation, or Topic
815—Derivatives and Hedging,” and directed its staff to draft a proposed
Accounting Standards Update for a vote by written ballot.