Leave Delaware
@LeaveDelaware
Official Home of the ‘Leave Delaware’ (DExit) Movement. 🇺🇸 FA/FO. If your company is incorporated in Delaware, it’s time to reconsider.
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🚨 JUST IN: DoorDash is leaving Delaware for Nevada.
Stockholders controlling 54.2% of DoorDash’s voting power have approved the reincorporation, including cofounders Tony Xu, Andy Fang and Stanley Tang. The board unanimously backed the move.
DoorDash pointed directly at Delaware’s “surprising” court outcomes and increasingly litigious environment, saying Nevada offers a more predictable, statute-based legal system.
A major founder-led tech company just made the DExit case in its own SEC filing.
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🚨JUST IN: Granite Ridge Resources Inc
(NYSE: GRNT) officially leaves Delaware.
Another day. Another NYSE-listed company formally leaves Delaware for Texas.
Granite Ridge Resources’ new SEC filing states that on August 5, the company changed its state of incorporation from Delaware to Texas following shareholder approval.
• Delaware corporate law no longer governs the company
• The Texas Business Organizations Code now governs it
• Its Delaware charter and bylaws were replaced with Texas governing documents
• Its shares continue trading on the NYSE under the same ticker
One completed conversion at a time, the automatic Delaware default is disappearing.
Official SEC filing:
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