DeFi Technologies Shareholders Approve Board Slate and Consolidation
Shareholders of Toronto-based DeFi Technologies Inc. have cleared a slate of six directors and approved a share consolidation plan during the company's annual and special meeting. The vote, held virtually on June 29, saw participation from roughly 31.77% of the company's total issued and outstanding common shares.
The election process saw varying levels of support for the board nominees. Jonathan Dimitry secured the highest approval rating at 95.005%, followed closely by Chase Ergen at 94.852%. Johan Wattenstrom received the lowest relative support among the group, with 75.602% of votes cast in his favor.
Beyond director appointments, the meeting addressed structural changes to the company's operations. Investors backed a share consolidation initiative with 73.271% of the vote. Additionally, the assembly ratified the adoption of two new by-laws: By-Law No. 1 passed with 90.420% support, while the Advance Notice By-Law No. 2 received 64.279% approval. Auditors for the company were also reappointed with 92.276% of the shareholder vote.
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