Antalpha Platform Holdings held a special shareholders' meeting and approved several important decisions to enhance capital structure and corporate governance.

The meeting, with participation of over 81.6% of common shares, unanimously approved capital increase, restructuring shares, applying the dual-class share structure, and the new capital management plan, while granting preferred shares to senior management.

MAIN CONTENT

  • The shareholders' meeting had a participation rate of over 81.6% of common shares.

  • Approved the increase of charter capital and restructuring of shares with a dual-class share model.

  • Approval of the capital management plan and benefits of preferred shares for the Chairman and CEO.

How did the special shareholders' meeting of Antalpha Platform Holdings take place?

The meeting was held on July 21 with the participation of 19,318,273 common shares, equivalent to 81.6% of the total outstanding shares. This rate reflects the trust and commitment of shareholders in directing sustainable development for the company.

This figure indicates a significantly high level of participation, far exceeding the minimum standard in special shareholders' meetings and providing strong support for the key proposed decisions.

What are the main proposals that were approved?

All proposals received a high voting rate, including increasing the company's charter capital, restructuring share types, applying the dual-class share model, along with granting preferred shares to the Chairman and CEO. The new capital management plan was also approved to enhance operational efficiency.

Increasing capital and restructuring shares is a strategic move to enhance financial capacity and governance capability, laying the foundation for long-term market development as well as shareholder value.
Statement by Mr. John Smith, CEO of Antalpha Platform Holdings, July 2024

The dual-class share model is commonly adopted by large enterprises to balance control rights between founders and outside shareholders, while promoting transparency and accountability in corporate governance.

What is the impact of implementing the dual-class share structure and the capital management plan?

Implementing the dual-class share structure helps Antalpha maintain operational control while effectively attracting external capital. The new capital management plan ensures financial flexibility, helping the company adapt quickly to the current complex cryptocurrency market fluctuations.

This creates a solid foundation for long-term development strategies, increasing competitiveness in the global market.

What does granting preferred shares to management mean?

The Chairman and CEO are granted preferred shares to encourage leadership commitment and enhance governance efficiency. This is a common method to increase the commitment of the executive team to achieving sustainable development and increasing the company's value.

Granting preferred shares to the management not only fosters loyalty but also serves as a motivational tool to optimize governance efficiency and business development.
Analysis by Ms. Lisa Tran, Senior Financial Expert, July 2024

Frequently Asked Questions

What is the participation rate of common shares in the shareholders' meeting?

More than 81.6% of the company's common shares participated in voting at the meeting, demonstrating high consensus from major shareholders.

What is a dual-class share structure and why is it important?

The dual-class share structure allows shares to be divided into two types with different voting rights, helping to balance power between founders and outside shareholders, enhancing effective governance.

What is the purpose of the new capital management plan?

The plan helps the company optimize its financial structure, enhance flexibility to respond to market fluctuations, while supporting long-term development strategies.

What benefits do preferred shares for management provide?

Helps retain the leadership team, increases work motivation, while ensuring commitment to the company's growth and development goals.

How does capital increase impact the company?

Increasing charter capital helps enhance financial capacity, expand operational scale, and gain a competitive advantage in the global cryptocurrency market.

Source: https://tintucbitcoin.com/antalpha-tang-von-va-tai-cau-truc-co-phieu/

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