Subsequent Events

12 Months Ended

Dec. 31, 2020

Subsequent Events [Abstract]

Subsequent Events

NOTE 25 – SUBSEQUENT EVENTS:

The following events have occurred subsequent to December 31, 2020:

• To date, the Corporation has received proceeds of approximately $3,050 from shareholders who exercised 1,188,231 Series A warrants, equating to an increase in the number of common shares outstanding for the Corporation of 530,422 common shares.

• The collective bargaining agreement set to expire in March 2021 was successfully negotiated and subsequently extended to March 2025.

• ARPA was signed into law by President Biden in March 2021, which will defer certain employer contributions otherwise due to the Corporation’s domestic defined benefit pension plans. The Corporation is currently evaluating other provisions of the relief package that may be available to it.