$SOL 【Twenty One Capital faces NYSE compliance warning, must appoint independent audit committee members by June 5】
Bitcoin treasury company Twenty One Capital received an official notice from the New York Stock Exchange (NYSE) that it was found non-compliant due to an insufficient number of independent directors on the audit committee, and must complete rectification by June 5, or it will be marked as BC (below compliance standards) starting June 9. Previously, Tether completed the acquisition of approximately 89.1 million Class A shares held by SoftBank and terminated the related governance agreement, leading to the resignation of two directors appointed by SoftBank, one of whom was a member of the audit committee. This caused the company to have only one independent director on the audit committee during the transition period, which does not meet NYSE requirements. Twenty One Capital stated that it will appoint new independent audit committee members as soon as possible.
$SOL 【Twenty One Capital faces NYSE compliance warning, must appoint independent audit committee members by June 5】
Bitcoin treasury company Twenty One Capital received an official notice from the New York Stock Exchange (NYSE) that it was found non-compliant due to an insufficient number of independent directors on the audit committee, and must complete rectification by June 5, or it will be marked as BC (below compliance standards) starting June 9.
Previously, Tether completed the acquisition of approximately 89.1 million Class A shares held by SoftBank and terminated the related governance agreement, leading to the resignation of two directors appointed by SoftBank, one of whom was a member of the audit committee. This caused the company to have only one independent director on the audit committee during the transition period, which does not meet NYSE requirements. Twenty One Capital stated that it will appoint new independent audit committee members as soon as possible.