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###### Securities and Exchange Commission

          - [Release No. 34-94362; File No. SR-NYSE-2021-42]

                    On August 23, 2021, the New York Stock Exchange LLC (“NYSE” or “Exchange”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act” or “Exchange Act”) [1]                                          and Rule 19b-4 thereunder,[2]                                          a proposed rule change to amend the requirements of Section 102.06 of the NYSE Listed Company Manual (“Manual”) to allow an acquisition company to contribute a portion of the amount held in its trust account to a trust account of a new                           ( print page 13781)                        acquisition company and spin off the new acquisition company to its shareholders in certain situations. The proposed rule change was published for comment in the                     **Federal Register**                     on September 8, 2021.[3] 

                    On September 30, 2021, pursuant to Section 19(b)(2) of the Act,[4]                                          the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.[5]                                          On December 3, 2021, the Commission instituted proceedings under Section 19(b)(2)(B) of the Exchange Act [6]                                          to determine whether to approve or disapprove the proposed rule change.[7] 

                    Section 19(b)(2) of the Act [8]                                          provides that, after initiating proceedings, the Commission shall issue an order approving or disapproving the proposed rule change not later than 180 days after the date of publication of notice of filing of the proposed rule change. The Commission may extend the period for issuing an order approving or disapproving the proposed rule change, however, by not more than 60 days if the Commission determines that a longer period is appropriate and publishes the reasons for such determination. The proposed rule change was published for comment in the                     **Federal Register**                     on September 8, 2021.[9]                                          The 180th day after publication of the proposed rule change is March 7, 2022. The Commission is extending the time period for approving or disapproving the proposed rule change for an additional 60 days.                

                    The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the comments that have been submitted in connection therewith. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,[10]                                          designates May 6, 2022, as the date by which the Commission shall either approve or disapprove the proposed rule change (File No. SR-NYSE-2021-42).                

                        For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.[11] 

J. Matthew DeLesDernier,

Assistant Secretary.

# Footnotes

1.                             15 U.S.C. 78s(b)(1).                    
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2.                             17 CFR 240.19b-4.                    
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3.                                                     *See*                         Securities Exchange Act Release No. 92839 (September 1, 2021), 86 FR 50408. Comments received on the proposal are available on the Commission's website at:                         *https://www.sec.gov/​comments/​sr-nyse-2021-42/​srnyse202142.htm.*
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4.                             15 U.S.C. 78s(b)(2).                    
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5.                                                     *See*                         Securities Exchange Act Release No. 93222, 86 FR 55671 (October 6, 2021). The Commission designated December 7, 2021 as the date by which the Commission shall approve or disapprove, or institute proceedings to determine whether to approve or disapprove, the proposed rule change.                    
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6.                             15 U.S.C. 78s(b)(2)(B).                    
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7.                                                     *See*                         Securities Exchange Act Release No. 93714, 86 FR 70150 (Dec. 9, 2021).                    
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8.                             15 U.S.C. 78s(b)(2).                    
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9.                                                     *See supra*                         note 3.                    
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10.                             15 U.S.C. 78s(b)(2).                    
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11.                                 17 CFR 200.30-3(a)(57).                        
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[FR Doc. 2022-05024 Filed 3-9-22; 8:45 am]

BILLING CODE 8011-01-P