Publicly listed Solana treasury company DeFi Development Corp has filed with the SEC to move its registration from Delaware to Nevada after its stock price dropped about 90% over the past year. According to the filing, the company’s management and affiliates control approximately 82% of voting rights through super voting shares. The new Nevada charter raises the threshold for removing directors without cause to two-thirds of voting rights, making it harder for external shareholders to push for board changes. The company’s board stated that the reasons for the move include reducing the growing litigation risks in Delaware, cutting costs, and allowing executives to focus on operations. (Protos) https://(wublock123.com)/news/solana-treasury-company-defi-development-nevada-executive-protection-61772