Appointee will meet SEC and NYSE independence requirements, restoring the audit committee to full composition
6 June 2026 – Tether Worldwide, S.A. de C.V. (“Tether Worldwide”), the controlling shareholder of Twenty One Capital (“XXI”), immediately introduced it has designated an extra unbiased director to XXI’s board, filling the audit committee seat opened by latest board modifications. The board of XXI decided that the appointee will qualify as unbiased beneath Rule 10A-3 of the Securities Alternate Act and Part 303A.02 of the NYSE Listed Firm Guide.
The emptiness adopted the Could twentieth transaction during which Tether acquired SoftBank Group’s stake in XXI, and the associated governance settlement was terminated. On the closing of that transaction, SoftBank Group’s representatives on the XXI board stepped down, one in all whom was a member of the audit committee. XXI notified the NYSE of the change in committee composition on the time.
Based as a Bitcoin treasury firm, XXI holds greater than 43,500 Bitcoin, and its imaginative and prescient is to construct a vertically built-in Bitcoin enterprise that mixes mining, treasury, capital markets, and monetary providers.
“XXI is constructing some of the necessary Bitcoin corporations on the planet, and so, we’ve got been placing a substantial amount of rigor into discovering the perfect candidate that may ship shareholders thorough, unbiased oversight,” mentioned Paolo Ardoino, CEO of Tether. “The energy of the oversight must match the energy of the stability sheet. It has been XXI’s precedence to nominate a director who meets all relevant necessities set out by the SEC and NYSE.”
