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Delaware faces losing another company

Summary by Newsweek

Several companies have already expressed their intention to reincorporate in another state, in what has been referred to as "Dexit."

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Roblox could be the latest company to follow Elon Musk out of Delaware

Roblox shareholders will vote in May on a proposal to leave Delaware and reincorporate in Nevada.Jakub Porzycki/NurPhoto via Getty ImagesRoblox could move its corporation from Delaware to Nevada.Shareholders will vote on the possible move in May.Some companies have followed Elon Musk's decision to reincorporate his companies outside Delaware.Delaware's reputation as the country's most corporate-friendly state has taken another hit.Roblox is now …

2 days ago·United States

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Newsweek

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Delaware faces losing another company

Several companies have already expressed their intention to reincorporate in another state, in what has been referred to as "Dexit."

2 days ago·United States

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Gameranx

Could Roblox Leave Its Current Home Soon?

Roblox has its HQ currently in Delaware, but it seems as though a move is happening that is being framed as "for the greater good." But is it?

1 day ago

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Conventus Law

US - Delaware Amendments Provide Safe Harbors For Interested D&O And Controller Transactions, And Restrict Books And Records Demands. - Conventus Law

On March 25, 2025, Delaware Governor Matt Meyer signed into law amendments to the Delaware General Corporation Law (Amendments). In a February 28, 2025, client alert, we addressed the initial iteration of the Amendments, and explained that they were under ongoing review, and specifically designed to address concerns that led some companies to consider reincorporating in other states. The core focus of the Amendments, which revise Sections 144 a…

2 days ago

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LexBlog

Another Post SB21 Proposal To Reincorporate From Delaware To Nevada

The ink has barely dried on Delaware’s hotly debated amendments to its General Corporation Law and already another company has proposed reincorporation in Nevada. In preliminary proxy materials filed yesterday with the Securities and Exchange Commission, Roblox Corporation, an NYSE listed company, gave the following reasons for the reincorporating in Nevada: Our Board believes that there are several reasons the Nevada Reincorporation is in the…

2 days ago

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