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DeFi Technologies Shareholders Approve Board Slate and Consolidation

Shareholders of Toronto-based DeFi Technologies Inc. have cleared a slate of six directors and approved a share consolidation plan during the company's annual and special meeting. The vote, held virtually on June 29, saw participation from roughly 31.77% of the company's total issued and outstanding common shares.

DeFi Technologies Shareholders Approve Board Slate and Consolidation

The election process saw varying levels of support for the board nominees. Jonathan Dimitry secured the highest approval rating at 95.005%, followed closely by Chase Ergen at 94.852%. Johan Wattenstrom received the lowest relative support among the group, with 75.602% of votes cast in his favor.

Beyond director appointments, the meeting addressed structural changes to the company's operations. Investors backed a share consolidation initiative with 73.271% of the vote. Additionally, the assembly ratified the adoption of two new by-laws: By-Law No. 1 passed with 90.420% support, while the Advance Notice By-Law No. 2 received 64.279% approval. Auditors for the company were also reappointed with 92.276% of the shareholder vote.

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