The Trade Desk Announces Approval of Reincorporation to Nevada

Rhea-AI Summary

The Trade Desk (NASDAQ: TTD) announced that its stockholders approved the company’s reincorporation from Delaware to Nevada. This decision was made at a special meeting of stockholders held on November 14, 2024. The details of this proposal were outlined in the company's proxy statement filed with the U.S. Securities and Exchange Commission on October 3, 2024.

Positive

• Stockholders approved the reincorporation proposal, indicating shareholder support.

Negative

• None.

Insights

Legal Expert

The reincorporation from Delaware to Nevada represents a significant corporate restructuring with potential tax and governance implications. Nevada offers distinct advantages including no corporate income tax, stronger privacy protections for corporate officers and more flexible corporate governance laws. This move could result in meaningful cost savings and enhanced operational flexibility for The Trade Desk.

Nevada's corporate-friendly environment provides stronger protection against hostile takeovers and derivative lawsuits compared to Delaware. However, investors should note that Nevada's corporate laws generally favor management interests over shareholder rights. This could impact shareholder activism and governance dynamics moving forward.

LOS ANGELES--(BUSINESS WIRE)-- The Trade Desk, Inc. (“The Trade Desk,” the “Company” or “we”) (NASDAQ: TTD), a provider of a global technology platform for buyers of advertising, today announced that its stockholders approved the reincorporation of the Company from the State of Delaware to the State of Nevada by conversion at the Company’s special meeting of stockholders, held on Thursday, November 14, 2024.

The proposal is described in more detail in the Company’s proxy statement filed with the U.S. Securities and Exchange Commission on October 3, 2024.

About The Trade Desk

The Trade Desk^™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe and Asia Pacific. To learn more, visit thetradedesk.com or follow us on Facebook, Twitter, LinkedIn and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241114299236/en/

Investors

Chris Toth

Vice President Investor Relations, The Trade Desk

ir@thetradedesk.com

Media

Melinda Zurich

VP, Communications

The Trade Desk

Melinda.zurich@thetradedesk.com

Source: The Trade Desk, Inc.

FAQ

What did The Trade Desk announce on November 14, 2024?

The Trade Desk announced that stockholders approved the company's reincorporation from Delaware to Nevada.

What is the stock symbol for The Trade Desk?

The stock symbol for The Trade Desk is TTD.

When did The Trade Desk file the proxy statement regarding the reincorporation?

The Trade Desk filed the proxy statement with the U.S. Securities and Exchange Commission on October 3, 2024.

Where was The Trade Desk originally incorporated?

The Trade Desk was originally incorporated in Delaware.