We’re past the bulk of proxy announcements and waiting on votes to come in at this point. I expect we’ll continue to see some action this year, but I don’t expect the pace to be as rapid.

For context, I looked back at roughly around this time last year. At that point, I was only tracking movement to Nevada and had 17 announcements. By the end of the year, it was up to 28 announcements of some kind or another for Nevada. I had 8 for Texas. That came to roughly 36 overall for Texas and Nevada.

This list has not changed substantially from last week, but we’re at 29 announcements between Texas and Nevada for this year already. On this update, we only have a few more now since the last list about two weeks ago. It’s two more that I didn’t have on my list: Granite Ridge and DeFi Development Corp. This is the updated sheet for folks that want to see the full set.

Company Name	Stock Ticker	Origination State	Destination State
1. TruGolf	TRUG	Delaware	Nevada
2. Forian, Inc.	FORA	Delaware	Maryland
3. LQR House	YHC	Nevada	Delaware
4. CBAK Energy	CBAT	Nevada	Cayman Islands
5. Cheetah Net	CTNT	North Carolina	Delaware
6. Galecto	GLTO	Delaware	Cayman Islands
7. Resolute Holdings Management, Inc.	RHLD	Delaware	Nevada
8. Forward Industries, INC	FWDI	New York	Texas
9. EQV Ventures Acquisition	FTW	Cayman Islands	Delaware
10. Datadog, Inc.	DDOG	Delaware	Nevada
11. Haymaker Acquisition Corp 4	HYAC	Cayman Islands	Delaware
12. CDT Equity	CDT	Delaware	Cayman Islands
13. eXp World Holdings	EXPI	Delaware	Texas
14. ArcBest Corp	ARCB	Delaware	Texas
15. Texas Capital Bancshares	TCBI	Delaware	Texas
16. ExxonMobil Corp.	XOM	New Jersey	Texas
17. NL Industries	NL	New Jersey	Delaware
18. ClearOne Inc	CLRO	Delaware	Nevada
19. Liberty Media Corporation	FWONA, FWONB, FWONK	Delaware	Nevada
20. The LGL Group, Inc.	LGL	Delaware	Nevada
21. TTEC Holdings, Inc.	TTEC	Delaware	Texas
22. Weatherford International plc	WFRD	Ireland	Texas
23. Dream Finder Homes	DFM	Delaware	Texas
24. Voyager Technologies	VOYG	Delaware	Texas
25. GPGI, Inc.	GPGI	Delaware	Nevada
26. FirstCash Holdings, Inc.	FCFS	Delaware	Texas
27. AerSale Corp	ASLE	Delaware	Texas
28. Natural Gas Services Group, INC	NGSG	Colorado	Texas
29. Archer Aviation Inc	ACHR	Delaware	Texas
30. Sonoma Pharmaceuticals, Inc	SNOA	Delaware	Nevada
31. Samsara Inc	IOT	Delaware	Nevada
32. Dell Technologies	DELL	Delaware	Texas
33. Spruce Power Holding Corp	SPRU	Delaware	Texas
34. King Resources	KRFG	Delaware	Nevada
35. Thunder Power Holdings	AIEV	Delaware	Nevada
36. NexGel, Inc.	NXGL	Delaware	Nevada
37. DeFi Development Corp.	DFDV	Delaware	Nevada
38. Granite Ridge Resources	GRNT	Delaware	Texas

Scope Note

A quick note on the numbers after a reader question came in. This list has a few entries from firms that announced in 2025 but didn’t finalize until 2026 (Forian, Cheetah, Galecto, & Haymaker). If you wanted to adjust for announcements that happened in 2026 only, you’d pull them out.

Graphics

As before, I asked Claude to help generate graphics to make the data easy to understand at a glance.

Origin & Destination

Count v. Market Cap

Here, ExxonMobil and Dell were big moves.

Stated Delaware Franchise Tax Amounts

The franchise tax figure is something I’m curious about for microcap and under market segment. It’s not going to be a material thing for large corporate filers, but it’s worth keeping an eye on on for that market segment.

Final Notes

Ultimately, not much has changed in the last few weeks. Unless the pace picks back up, I’m likely to switch to putting this out about once a month. In the interim, I’ll get the the rest of the fields in the spreadsheet updated and filled in and see if we can glean any other insights from that data. If you think of any other fields that would be helpful to add, please send them through. For example, I’m going to add a field tracking where the company is headquartered.

I may also put together an estimated franchise tax number for corporations that announced moves from Delaware without disclosing the figure.