$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), and was deemed non-compliant due to an insufficient number of independent directors on its audit committee. The company must complete rectification by June 5; otherwise, 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 agreements, prompting two directors appointed by SoftBank to resign—one of whom was an audit committee member. This left the company with only one independent director on its audit committee during the transition period, which does not meet NYSE requirements. Twenty One Capital said it will appoint new independent audit committee members as soon as possible.