Woodstock 50 has received financial backing from new investors. The festival celebrating the original 1969 event has faced multiple setbacks as of late, including exiting investors: initial backers Dentsu Aegis Network pulled financial support from the festival back in April, stating that Woodstock 50 had been outright canceled. Now, the festival organizers have announced American investment bank Oppenheimer & Co. have stepped in as the new financiers.

“We are thrilled to be onboard for this incredible weekend of music and social engagement,” said John Tonelli, head of Debt Capital Markets & Syndication at Oppenheimer, in a press release. “We believe in Woodstock as an important American cultural icon and look forward to its regeneration in the green fields of Watkins Glen this August with all of the artists on the remarkable lineup.”

Prior to losing investors, Woodstock 50’s organizers failed to acquire a mass gathering permit from the New York State Department of Health (DOH), and ticket sales for the event were subsequently delayed. In early May, promoter Michael Lang—an original partner in the inaugural 1969 festival—insisted that the event was still taking place. It’s yet to be confirmed whether Woodstock 50 has received a mass gathering permit from NYS DOH.

Read Pitchfork’s timeline of Woodstock 50’s decline, and check out “Coachella Was Our Woodstock” on the Pitch.