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Riot Blockchain Announces Independent Proxy Advisory Firms ISS and Glass Lewis Recommendations "For" Proposal No. 4 at the Upcoming Annual General Meeting of Stockholders
Castle Rock, CO, July 11, 2022 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot,” “Riot Blockchain” or “the Company”), an industry leader in
About this update from Riot Platforms, Inc.
[{"type":"text","content":"Castle Rock, CO, July 11, 2022 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot,” “Riot Blockchain” or “the Company”), an industry leader in Bitcoin (“BTC”) mining and hosting is pleased to report that, in respect of its upcoming Annual General Meeting of stockholders (the “AGM”), both Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”), the leading independent proxy advisor firms who provide voting recommendations to institutional investors, have recommended that the Company’s stockholders vote FOR Proposal No. 4, to increase the number of authorized shares of Riot Blockchain, Inc. common stock, authorized for issuance. YOUR VOTE IS IMPORTANT - PLEASE VOTE TODAY The proxy voting deadline is 11:59 p.m. ET on July 26, 2022. We encourage you to vote well in advance of the deadline. In their recommendations to shareholders on voting FOR the increase in the number of authorized shares, both ISS and Glass Lewis agreed with the Company’s Board of Directors on the need for additional shares. Proposal No. 4 – Increase Common Stock Authorized for Issuance By increasing the number of authorized shares of Riot common stock now, the Company will be able to act in a timely manner if and when the Company’s Board of Directors believes it is in the best interests of the Company and stockholders to take strategic action, without the delay and expense that would be required at that time to obtain stockholder approval to increase the authorized shares. By increasing the number of authorized shares of common stock, Riot will have greater flexibility to pursue value-creative opportunities, which may include corporate transactions, public or private offerings of equity securities, and attracting and retaining top talent in a highly competitive market. The Board of Directors of Riot Blockchain UNANIMOUSLY recommends that Riot Blockchain stockholders vote FOR all proposals. Riot Blockchain AGM The AGM is scheduled for 9:00 a.m. ET on Wednesday, July 27, 2022, online at www.virtualstockholdermeeting.com/RIOT2022. Additional information concerning the proposals can be found in the definitive proxy statement dated June 17, 2022. How to Vote Please vote your shares, via the methods as set out below, by following the instructions included on your proxy card: Vote by Internet: • Before the Meeting – www.proxyvote....