Several More Companies Propose Move From Delaware To Nevada

As 2024 closed and 2025 began, four additional publicly traded companies proposed reincorporating from Delaware into the "sweet promised land"* of Nevada.  These companies include:

Was A Discussion Of Damage Calculation Necessary In TripAdvisor?

I recently commented on the discussion of possible damage theories posited by Vice Chancellor J. Travis Laster in Palkon v. Maffei, 311 A.3d 255 (Del. Ch. 2024). A commenter on my post noted that the Court discussed damages as an adequate remedy of...

What's Damages Got To Do With TripAdvisor?

In in a recent LinkedIn post, J. Travis Laster (not posting as Vice Chancellor of the Court of Chancery) noted the following:

If Delaware Wants To Stay On Top, It Should Loose, Not Bless, The Ties That Bind

In a lengthy post yesterday, Professor Stephen Bainbridge advanced the following argument:

This Delaware Doctrine Makes Nevada Conversions Easier

Recently, I wrote about a proposal by The Trade Desk, Inc. to convert from a Delaware to a Nevada corporation.  Predictably, a stockholder challenged the proposed reincorporation.  Gunderson v. The Trade Desk, Inc., 2024 WL 462207 (Nov. 8, 2024). 

Will This Effluence Ever End? One More Public Company Proposes To Leave Delaware For Nevada

Gaxos.ai Inc. lists its corporate headquarters as Roseland, New Jersey, but like many companies it is incorporated in Delaware.  Last week, it joined several other companies that are proposing to reincorporate in Nevada.  In preliminary proxy materials

Stockholders Fail To Approve Proposal To Reincorporate Nevada Corporation In Delaware

Although much attention of late has been devoted to proposals to reincorporate in Nevada from Delaware, not every corporation is swimming in the same direction.  Last May, Kintara Therapeutics, Inc., a Nevada corporation, filed a registration...

Another Delaware Publicly Traded Company Proposes A Nevada Move

Last week, Chromocell Therapeutics Corporation filed preliminary proxy materials that included a proposal to reincorporate in Nevada.  Rather than convert, the company is proposing to effect the reincorporation by means of a merger with and into a...

Another Delaware Corporation Announces Stockholder Approval Of Nevada Reincorporation

I continue to be on the lookout for Delaware corporations that have made the decision to reincorporate in Nevada.  Last Friday, Elevai Labs Inc. filed a preliminary information statement with the Securities and Exchange Commission disclosing that its...

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