American-listed Solana Treasury Company DeFi Development Corp, after a stock price decline of about 90% over the past year, filed SEC documents stating it will relocate its registration from Delaware to Nevada. The documents show that company management and related parties control approximately 82% of voting rights through super voting rights, and the new Nevada bylaws will raise the threshold for unjustified removal of directors to two-thirds of voting rights, making it more difficult for external shareholders to push for board changes. The company's board of directors stated that the reasons for the relocation include reducing the increasingly active litigation risk in Delaware, lowering costs, and protecting directors and executives to focus on operations. (Protos)