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Leave Delaware
@LeaveDelaware
Official Home of the DExit Movement. 🇺🇸 America’s business migration, tracked in real time. Companies, capital & talent leaving high-cost, high-risk states
Joined August 2024
559 Following    29.9K Followers
🚨 NEW: TWO NASDAQ-LISTED COMPANIES LEFT DELAWARE FOR NEVADA ON THE SAME DAY. Cemtrex (CETX) confirmed in an SEC filing released October 9 that its reincorporation became effective October 7, the same day NextNRG (NXXT) completed its own Delaware-to-Nevada conversion. Both companies remain publicly traded on Nasdaq. Neither relocated its business operations or management. Cemtrex’s conversion was approved through shareholder written consent rather than a general shareholder meeting. Its controlling shareholder held approximately 71% of the company’s voting power. The company’s filing confirms that Nevada law now governs its internal corporate affairs, including changes to shareholder rights, director liability protections and indemnification provisions. Two more completed Delaware departures, with the corporate legal framework changing while the businesses themselves remain in place.
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