We’re at about two months since the last update on this front, and I wanted to share my current chart for 2025. As always, if you know about any moves that I’ve missed, please reach out.
I’ve got updated charts, differences of opinion about how well-developed Nevada’s case law is, some highlights and confusion about the Glass Lewis blog post on reincorporation that dropped today, and a quick highlight of the Guess, Inc. proxy that revealed its board had voted to attempt to move to Nevada before a take-private offer arrived.
Nevada
Nevada had another two public companies announce attempts to move to Nevada, Algorhythm Holdings and Capstone Holding.
| 2025 Nevada Domicile Shifts | |||
| Firm | Result | Notes | |
| 1. | Fidelity National Financial | Pass | |
| 2. | MSG Sports | Pass | |
| 3. | MSG Entertainment | Pass | |
| 4. | Jade Biosciences | Pass | Jade merged with Aerovate. |
| 5. | BAIYU Holdings | Pass | Action by Written Consent |
| 6. | Roblox | Pass | |
| 7. | Sphere Entertainment | Pass | |
| 8. | AMC Networks | Pass | |
| 9. | Universal Logistics Holdings, Inc. | Pass | Action by Written Consent |
| 10. | Revelation Biosciences | Fail | 97% of votes cast were for moving. There “were 1,089,301 broker non-votes regarding this proposal” |
| 11. | Eightco Holdings* | Fail | Votes were 608,460 in |
