CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Shares Voting Recommendations for Upcoming Special Meeting of Stockholders
Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin mining and data center hosting, has announced voting recommendations for the Special Meeting of stockholders scheduled for November. According to the announcement, three independent proxy advisor firms that provide voting recommendations to institutional investors — Institutional Shareholder Services; Glass, Lewis & Co.; and Egan-Jones Proxy Services — have recommended that RIOT stockholders vote for proposal no. 1, which would increase the number of shares of Riot common stock authorized for issuance. The company’s board of directors has also made the same recommendation. The company noted that voting for the proposal doesn’t ensure that the newly authorized shares will be issued, it only makes the shares available if they are needed to fund opportunities such as corporate acquisitions, public or private offerings of equity securities, and attracting and retaining top talent. The company also noted that the proxy voting deadline is Nov. 16, 2022, at 11:59 p.m. ET. The actual Special Meeting is slated to start at 9 a.m. ET on Nov. 17, 2022.
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About Riot Blockchain Inc.
Riot Blockchain’s vision is to be the world’s leading Bitcoin-driven infrastructure platform. The company’s mission is to positively impact the sectors, networks and communities that it touches. The company believes that through the combination of an innovative spirit and strong community partnership it can achieve best-in-class execution and create successful outcomes.
Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. Riot Blockchain has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas, and electrical switchgear engineering and fabrication operations in Denver, Colorado. For more information about the company, visit www.RiotBlockchain.com.
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