The Securities and Exchange Commission recently cut the minimum time required for certain equity tender offers in half. Historically, federal rules mandated that such offers remain open for at least 20 business days. Now, an April 16, 2026 exemptive order from the Division of Corporation Finance allows market participants to conclude qualifying cash tender offers in just 10 business days. While this new relief applies exclusively to equity securities, it signals a pragmatic shift at the SEC and suggests market participants may see similar relief formalized for debt tender offers down the road.