Are there any examples of poison pill provisions being implemented in the cryptocurrency industry?

1 answers

• Feb 17, 2022 · 3 years ago
  Absolutely! Poison pill provisions have been implemented in the cryptocurrency industry to safeguard against hostile takeovers. One example is the introduction of a provision that triggers the issuance of additional shares to existing shareholders if a certain percentage of the company's shares are acquired by an external entity. This dilutes the ownership of the acquiring entity and makes the takeover less appealing. Another example is the implementation of a provision that allows existing shareholders to purchase additional shares at a discounted price, thereby increasing their ownership and making it more difficult for an external entity to gain control. These provisions serve as a defense mechanism to protect the interests of existing shareholders and maintain the stability of the cryptocurrency industry.
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