Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin mining company, has announced that the Toronto Stock Exchange (TSX) will defer its consideration of the company’s tactical shareholder rights plan (Rights Plan). The deferral will remain in place until TSX is assured that the appropriate securities commission will not intervene, and the plan is ratified by Bitfarms’ shareholders by December 10, 2024, according to GlobeNewswire.
Impact of the Deferral
The TSX’s decision to defer does not affect the immediate implementation or operation of the Rights Plan, which will remain effective for at least six months from its adoption date of June 10, 2024, unless terminated earlier. The plan is designed to protect the interests of Bitfarms’ shareholders by preventing hostile takeovers.
About Bitfarms Ltd.
Founded in…
