American-listed Solana Treasury Company DeFi Development Corp, after a decline of about 90% in its stock price over the past year, filed with the SEC stating it will relocate its registration from Delaware to Nevada. The documents show that the company's management and related parties control approximately 82% of the voting rights through super voting rights, and the new Nevada bylaws raise the threshold for unjustified removal of directors to two-thirds of the 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)