Summary by Moomoo AI
On September 23, 2024, Riot Platforms, Inc., a Nevada-based corporation, filed an amendment to Schedule 13D with the SEC, detailing its beneficial ownership and voting power in Bitfarms Ltd., a Canadian corporation. Riot Platforms reported sole voting and dispositive power over 90,110,912 common shares of Bitfarms, representing 19.9% of the class. The filing also announced a settlement agreement between Riot Platforms and Bitfarms, which led to board changes and the withdrawal of a requisition for a special shareholders' meeting. The agreement stipulates a special meeting by November 20, 2024, to approve board expansion, elect a new independent director, and ratify a shareholder rights plan. Riot Platforms agreed to vote in favor of these matters and to certain standstill provisions effective until June 1, 2026, or the day after...Show More
