Ionic Digital stockholders have initiated legal proceedings to obtain access to the company's shareholder list and to enable voting for proposed nominees.
Background of the Dispute
Three stockholders of Ionic Digital, Tony Vejseli, Chris Villinger, and Brett Perry, known as the Nominating Stockholders, have filed a lawsuit in the Delaware Court of Chancery to gain access to the shareholder list, following the company's refusal to provide the necessary data. The court hearing is scheduled for March 11, 2025.
Plans of the Nominees
Despite the challenges, stockholders can vote for Mike Abbate and Oliver Wiener through an established website. The Nominating Stockholders aim to enhance transparency, improve financial and operational metrics, and provide liquidity to fellow stockholders.
About the Proposed Nominees
Oliver Wiener, Founder and Managing Partner of Kensington Merchant Partners, brings extensive experience in financial, investment, and blockchain industries. Michael Abbate, an advisor to Figure Markets Holdings, Inc., is seasoned in corporate restructuring and has invested in bitcoin mining companies and infrastructure.
The Nominating Stockholders look forward to shareholder support in enacting significant changes to improve Ionic Digital's management and performance.
