The Trade Desk, Inc. has announced the approval of its reincorporation 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 approval was granted by the stockholders, signifying a significant corporate event for the company.
In the company’s press release, specific financial metrics were not disclosed, so there were no details on metrics such as revenue, net income, or EBITDA.
The Trade Desk, Inc. is a technology company that provides a global technology platform for 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. The company has headquarters in Ventura, CA, with offices across North America, Europe, and Asia Pacific.
The decision to reincorporate from Delaware to Nevada could have various implications, including potential changes in tax structure, regulatory environment, and corporate governance. However, the press release did not provide specific details on the reasons for this reincorporation.
The Trade Desk, Inc. also shared that the proposal for reincorporation was described in more detail in the Company’s proxy statement filed with the U.S. Securities and Exchange Commission on October 3, 2024.
The company has been active in its investor relations efforts, as evidenced by the contact information provided for investors and media inquiries. Chris Toth, Vice President of Investor Relations, and Melinda Zurich, VP of Communications, are the designated contacts for investor and media relations, respectively.
The market has reacted to these announcements by moving the company's shares -0.7% to a price of $117.28. Check out the company's full 8-K submission here.
