Destiny Tech100 Inc. Postpones Shareholder Meeting Due to Lack of Quorum

TL;DR

Destiny Tech100 missed quorum, meeting pushed to Nov 14. Big deal?

AI Summary

Destiny Tech100 Inc. was unable to meet quorum requirements for its annual shareholder meeting on October 28, 2024. The meeting has been rescheduled to November 14, 2024, at 2:00 p.m. Eastern Time. Shareholders are being notified of this change via a Definitive Additional Materials filing.

Why It Matters

Failure to meet quorum can delay important corporate decisions and indicate potential shareholder disengagement, impacting the company's governance and operational agility.

Risk Assessment

Risk Level: low — This filing is a procedural update regarding a rescheduled meeting due to a lack of quorum, not a reflection of fundamental business issues.

Key Players & Entities

• Destiny Tech100 Inc. (company) — Registrant
• October 28, 2024 (date) — Original meeting date
• November 14, 2024 (date) — Rescheduled meeting date
• 2:00 p.m. Eastern Time (time) — Rescheduled meeting time

FAQ

Filing Documents

• es122_defa14a.htm (DEFA14A) — 12KB
• 0001575872-24-001111.txt ( ) — 13KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant ¨ Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement x Definitive Additional Materials ¨ Soliciting Material under §240.14a-12 DESTINY TECH100 INC. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): x No fee required. ¨ Fee paid previously with preliminary materials. ¨ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Dear Shareholders, I hope this email finds you well. I wanted to inform you that unfortunately, we were unable to meet the quorum requirements for our annual meeting of shareholders scheduled for October 28, 2024. As a result, we have made the decision to reschedule the meeting to November 14, 2024, at 2:00 p.m. Eastern Time. The rescheduled Annual Meeting will still be held virtually through a live webcast. To join the event, please register at http://viewproxy.com/DXYZ/2024 . Your vote is incredibly important, regardless of the number of shares you own. We kindly request your immediate response to help us avoid potential delays and save the company significant additional expenses associated with soliciting shareholder votes. Please vote at www.AALvote.com/DXYZ . All the relevant information regarding the meeting, including the updated Notice of Annual Meeting and Proxy Statement, can be found at http://viewproxy.com/DXYZ/2024 . The meeting will cover the following agenda: (i) To consider and vote upon the election of the following directors of the Company: (a) Ms. Lisa Nelson as Class III member of the board of directors of the Company (the “Board”) to serve until the 2025 annual meeting of shareholders and until her successor is duly elected and qualified; (b) Mr. Lee Daley as a Class II member of the Board to serve until the 2027 annual meeting of shareholders and until his successor is duly elected and qualified; and (ii) To consider and vote upon the ratification of the selection of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; and (ii) To transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof. The Board unanimously recommends that you vote FOR each of the proposals to be considered and voted on at the Annual Meeting. If you are unable to attend the Annual Meeting on November 14, 2024, I urge you to authorize your proxy through the Internet as soon as possible at www.AALvote.com/DXYZ . This will ensure that your vote is counted, even if you are unable to attend the meeting. Your vote and participation in the governance of the Company are very important. We sincerely apologize for any inconvenience caused by the rescheduling and appreciate your understanding and support. Best, Sohail

View Full Filing

View this DEFA14A filing on SEC EDGAR