DeFi Development Corp Relocates to Nevada Amid Stock Decline

DeFi Development Corp has moved its incorporation from Delaware to Nevada following a significant 90% drop in its stock value over the past 52 weeks. According to NS3.AI, the decision was made by insiders holding 81.79% of the voting power, bypassing a full shareholder vote. The new Nevada charter increases the requirement to remove directors without cause to two-thirds of the voting power.