Bitfarms Reschedules Special Meeting Of Shareholders From October 29 To November 6, 2024; Updates On Engagement With Riot
Portfolio Pulse from Benzinga Newsdesk
Bitfarms has rescheduled its Special Meeting of Shareholders to November 6, 2024, to allow more time for reviewing Riot's Amended Requisition. The company is seeking a settlement with Riot to avoid a costly proxy contest, proposing a board expansion and other terms.
September 09, 2024 | 10:17 am
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NEUTRAL IMPACT
Bitfarms rescheduled its Special Meeting to address Riot's Amended Requisition, aiming to avoid a proxy contest by proposing a board expansion and settlement terms.
The rescheduling of the meeting and the proposed settlement terms indicate Bitfarms' proactive approach to resolving the issue with Riot, which could stabilize investor sentiment. However, the outcome is uncertain, leading to a neutral short-term impact.
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