BitNile Holdings Announces Results of Annual Meeting of Stockholders
November 23 2022 - 11:11AM
Business Wire
BitNile Holdings, Inc. (NYSE American: NILE), a diversified
holding company (“BitNile” or the “Company”), announced the results
of the Company’s 2022 Annual Meeting of Stockholders (the
“Meeting”), which was held today, November 23, 2022, at 9:00
a.m. PT, and at which time the nominees for election as directors
set forth in Proposal 1 were each re-elected and Proposals 2, 3, 6
and 7 were each approved by the stockholders. Proposals 4 and 5
were not approved by the stockholders.
At the Meeting, the stockholders voted upon and approved the
following proposals as described in the Proxy Statement:
- Election of the seven director nominees named in the Proxy
Statement to hold office until the next annual meeting of
stockholders;
- Ratification of the appointment of Marcum LLP, as the Company’s
independent registered public accounting firm for the fiscal year
ending December 31, 2022;
- Approval of a non-binding advisory basis, the compensation of
our named executive officers;
- Approval of the acceleration of vesting of certain unvested
stock grants made in August of 2021 to current members of our board
of directors, consisting of an aggregate of 1,000,000 shares of
Common Stock, in order to comply with the listing rules of the NYSE
American; and
- Approval of the BitNile 2022 Stock Incentive Plan (the “2022
Plan”).
At the Meeting, the stockholders voted upon and did not approve
the following proposals as described in the Proxy Statement:
- Approval of the amendment to the Company’s Certificate of
Incorporation to increase the authorized shares of Class A Common
Stock from 500,000,000 to 1,250,000,000; and
- Approval of the 2022 equity issuances to directors and
executive officers of the Company, in order to comply with the
listing rules of the NYSE American.
There were no other transactions of other business brought
before the Meeting or any further adjournments or postponements
thereof.
For more information on BitNile and its subsidiaries, BitNile
recommends that stockholders, investors, and any other interested
parties read BitNile’s public filings and press releases available
under the Investor Relations section at www.BitNile.com or
available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly and
majority-owned subsidiaries and strategic investments, BitNile owns
and operates a data center at which it mines Bitcoin and provides
mission-critical products that support a diverse range of
industries, including oil exploration, defense/aerospace,
industrial, automotive, medical/biopharma, consumer electronics,
hotel operations and textiles. In addition, BitNile extends credit
to select entrepreneurial businesses through a licensed lending
subsidiary. BitNile’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141;
www.BitNile.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made,
and the Company undertakes no obligation to update any of them
publicly in light of new information or future events. Actual
results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8-K. All filings are available at www.sec.gov and on the Company’s
website at www.BitNile.com.
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