Riot Platforms, Inc. (Riot), a Nevada corporation, has announced a series of amendments to its 2019 Equity Incentive Plan, subject to stockholder approval. The proposed amendments include an increase in the number of authorized shares of common stock from 340,000,000 to 680,000,000. This change aims to provide Riot with the flexibility to pursue corporate opportunities involving stock issuance, such as strategic acquisitions, public or private offerings, and equity compensation plans. The amendments also address the company's ability to attract, retain, and motivate employees and directors in a competitive cryptocurrency industry. The Board unanimously approved the amendments, emphasizing their alignment with the company's growth strategy and stockholder interests. The effective date of the amendments will be upon stockholder approval and subsequent filing...Show More

Riot Platforms, Inc. (Riot), a Nevada corporation, has announced a series of amendments to its 2019 Equity Incentive Plan, subject to stockholder approval. The proposed amendments include an increase in the number of authorized shares of common stock from 340,000,000 to 680,000,000. This change aims to provide Riot with the flexibility to pursue corporate opportunities involving stock issuance, such as strategic acquisitions, public or private offerings, and equity compensation plans. The amendments also address the company's ability to attract, retain, and motivate employees and directors in a competitive cryptocurrency industry. The Board unanimously approved the amendments, emphasizing their alignment with the company's growth strategy and stockholder interests. The effective date of the amendments will be upon stockholder approval and subsequent filing with the Secretary of State of Nevada. Riot's Board has no immediate plans to issue additional shares but seeks to have them available for future flexibility. The announcement also includes a Sixth Amendment to increase the share reserve for the Equity Incentive Plan by 15,000,000 shares, allowing for continued equity grants across the organization. The Board recommends stockholder approval for the proposed amendments, which will be voted on at the upcoming Annual General Meeting scheduled for June 12, 2024.