BTC Digital Ltd. Postpones Extraordinary General Meeting
BTC Digital Ltd. (Nasdaq: BTCT) has decided to postpone its previously scheduled extraordinary general meeting (the "Meeting"). Initially set for July 21, 2025, then adjourned to August 4, 2025, the Meeting will now take place on August 22, 2025, at 9:30 a.m. Eastern Time. The location and agenda for the Meeting remain the same, which ensures that shareholders can still express their votes on critical proposals.
Reason for Postponement
Despite the efforts to convene the Meeting on August 4, the required quorum was not achieved. This led the Chairman to further delay the Meeting to August 22, 2025, affirming the importance of conducting the Meeting with sufficient participation from the shareholders.
Voting Process and Recommendations
The Board of Directors of BTC Digital Ltd. urges all shareholders to vote in favor of the proposals outlined in the Company’s proxy statement for the Meeting. Those who have already submitted their votes need not take any further action unless they wish to change their previous instructions. It is vital for shareholders who have not yet voted to do so at their earliest convenience.
Engaging a Proxy Solicitor
To enhance the voting process, BTC Digital Ltd. has retained Advantage Proxy, Inc. to assist in soliciting proxies. This collaborative effort aims to ensure that enough votes are collected to achieve a quorum, leading to an effective Meeting.
Shareholder Eligibility and Proxy Information
Only individuals holding ordinary shares as of the close of business on June 27, 2025, will be able to vote at the postponed Meeting. Shareholders can reach out to Advantage Proxy, Inc. for more information or assistance regarding the voting process.
About BTC Digital Ltd.
BTC Digital Ltd. is a dynamic player in the blockchain sector, actively pursuing opportunities across the metaverse, blockchain applications, and cryptocurrency mining. The Company has a dedicated commitment to establishing long-term business practices in North America, focusing on aspects such as cryptocurrency mining farms, mining pool operations, and related technology. This commitment reveals the Company's ambition to foster advancements in blockchain technology, positively influencing various industries.
Roles in Proxy Solicitation
BTC Digital Ltd., including its directors and executive team, is engaged in the solicitation of proxies for the Meeting. Advantage Proxy, Inc. will receive a fee for its services, alongside reimbursements for reasonable expenses incurred during the solicitation.
Frequently Asked Questions
What is the new date for BTC Digital Ltd.'s extraordinary general meeting?
The Meeting has been rescheduled to August 22, 2025, at 9:30 a.m. Eastern Time.
Why was the meeting postponed again?
The Meeting was postponed due to a lack of the required quorum on August 4, 2025, which is needed for the Meeting to proceed effectively.
What should shareholders do if they have already voted?
If shareholders have already submitted their votes, they do not need to take any further action unless they wish to change their previous voting instructions.
Who can vote at the meeting?
Only shareholders holding ordinary shares as of the close of business on June 27, 2025, are eligible to vote.
How can shareholders get more information about the voting process?
Shareholders can contact Advantage Proxy, Inc. for assistance regarding the voting process or any related inquiries.
