Leave Delaware

Official Home of the ‘Leave Delaware’ (DExit) Movement. 🇺🇸 FA/FO. If your company is incorporated in Delaware, it’s time to reconsider.

[Leave Delaware @LeaveDelaware]

🚨 Delaware's Governor Matt Meyer on companies leaving Delaware:

"If one corporation says we're leaving Delaware and puts it all over social media, [the impression is] everyone's leaving... But we’re doing very well."

One corporation, Governor?

Since 2024, 60+ public companies have left Delaware or are in the process, with private companies following suit.

- Tesla
- Andreessen Horowitz
- Coinbase
- Dropbox
- Roblox
- Datadog
- Simon Property Group

Just to name a few.

[Leave Delaware @LeaveDelaware]

🚨 U.S. Senator @SenatorHagerty just called out proxy advisors for "trying to prohibit the free movement of American corporations."

ISS and Glass Lewis "did to Tesla in Delaware" what they're now doing to companies trying to move to more friendly jurisdictions.

"It's absolutely unconscionable... It's time for it to come to an end"

[Leave Delaware @LeaveDelaware]

🚨JUST IN: Thunder Power Holdings ($AIEV) is leaving Delaware for Nevada

62% of shareholders approved the reincorporation by written consent.

The board's reasons include:
- Delaware's "increasingly litigious environment" produces less meritorious lawsuits that distract management

- Nevada offers a more predictable, statute-focused legal environment

- Delaware franchise taxes cost them ~92,683 last year.. That's 79x more than what they expect to pay in Nevada ($1,175)

[@amuse @amuse]

https://t.co/xAL8FSQOvL

[Leave Delaware @LeaveDelaware]

"This is what happens when job creators and innovators are welcomed, not punished."

Well said, @GregAbbott_TX. The biggest DExit proposal to Texas we've seen since Tesla.

The competition between states is heating up... and Texas is hot.

[Leave Delaware @LeaveDelaware]

🚨NEW EVIDENCE: Before her recent "support" reaction, Chancellor McCormick CELEBRATED the plaintiff law firm's post bragging about winning Musk's $55B compensation case.

The case wasn't even over. She still had to decide their attorney fee award. She awarded them $345M.

This isn't a coincidence anymore. And every CEO watching is one step closer to leaving Delaware.

[Leave Delaware @LeaveDelaware]

@barstoolsports 🇺🇸👋

[Leave Delaware @LeaveDelaware]

🚨 The state of Delaware's corporate exodus:

We're now tracking 72 companies leaving Delaware.

Nevada and Texas are taking nearly 90% of them.

Which state wins the next decade?

[Leave Delaware @LeaveDelaware]

"The board believes that kind of familiarity will lead to more reasonable, productive decisions from Texas officials and citizens, which is critical for the long-term success of the company,… As recent events have highlighted, that's important." - Exxon CEO Darren Woods

[Leave Delaware @LeaveDelaware]

🚨ExxonMobil shareholders just approved (71.3%) to leave New Jersey for Texas.

Incorporated in NJ since 1882. After 144 years, it's over.

One of the largest companies in the world had every option on the table. They didn't pick Delaware. They picked Texas.

Glass Lewis said no. ISS said no. Shareholders said yes.

[Leave Delaware @LeaveDelaware]

🚨An NYC official is lobbying shareholders to block ExxonMobil's move to Texas.

Comptroller Mark Levine, trustee of NYC's 5 pension funds, argues the move would "insulate the Board from accountability to shareholders."

Exxon stated the company is "not adopting any elective provisions of the Texas corporate statute that could be viewed as weakening shareholder rights as compared to New Jersey law."

The company notes its global headquarters have been in Texas since 1989, and ~75% of its U.S. employees are already based there.

Exxon (NJ → TX) votes May 27. $600B+ market cap.

[Leave Delaware @LeaveDelaware]

🚨BREAKING: DeFi Development Corp. (Nasdaq: $DFDV) is leaving Delaware for Nevada

81.79% of stockholders approved by written consent.

No meeting required.

[Leave Delaware @LeaveDelaware]

🚨BREAKING: DeFi Development Corp. (Nasdaq: $DFDV) is leaving Delaware for Nevada

81.79% of stockholders approved by written consent.

No meeting required.

[Leave Delaware @LeaveDelaware]

🚨King Resources (OTC: $KRFG) has approved its move to leave Delaware for Nevada

[Leave Delaware @LeaveDelaware]

🚨King Resources (OTC: $KRFG) has approved its move to leave Delaware for Nevada

[Leave Delaware @LeaveDelaware]

🚨 U.S. Senator @SenatorHagerty just called out proxy advisors for "trying to prohibit the free movement of American corporations."

ISS and Glass Lewis "did to Tesla in Delaware" what they're now doing to companies trying to move to more friendly jurisdictions.

"It's absolutely unconscionable... It's time for it to come to an end"

[Senator Bill Hagerty @SenatorHagerty]

I was on @MariaBartiromo this morning discussing how the Axis of Activism - ISS, Glass Lewis and NYC - are working to impose far-Left agendas on American companies and their investors. 

Companies should absolutely be free to reincorporate in states taking action against proxy voting abuses.

A legislative fix is on the way. I will work with anyone - Republican or Democrat - who seeks to hold these proxy firms accountable for the racket they’ve been running.

[Leave Delaware @LeaveDelaware]

🚨WOW: Texas AG Ken Paxton has sued proxy advisor ISS after it recommended that shareholders vote against ExxonMobil reincorporating in Texas.

The lawsuit alleges that ISS violated Texas consumer protection law by falsely advertising itself as “independent and objective” while secretly pushing an ESG agenda.

This comes after Senator Bryan Hughes announced a Senate Committee on State Affairs hearing to investigate proxy advisors ISS and Glass Lewis for alleged violations of the Texas Transparency Law.

[Brad Johnson @bradj_TX]

New: @TXAG has sued ISS over this proxy advisory issue that centers on recommendations against ExxonMobil re-domiciling to Texas. #txlege

Filing: https://t.co/T09vK82SMq

[Leave Delaware @LeaveDelaware]

🚨ExxonMobil ($620B) is making its case to shareholders: leaving New Jersey for Texas is the right move, and the evidence backs it up.

ExxonMobil's SEC filing pointed investors to research from Professor Shane Goodwin, Executive Director of SMU's Corporate Governance Initiative.
Here's what he found:

•ExxonMobil's stock didn't drop when the move was announced

•64% of its institutional shareholders are large enough to file proposals under Texas law on their own

•Texas has tougher provisions available, but ExxonMobil declined them

The critics warned shareholders would lose rights. The data says otherwise. The market agrees.

This is how reincorporation should be done. Full transparency, backed by evidence.

[Leave Delaware @LeaveDelaware]

🚨JUST IN: Thunder Power Holdings ($AIEV) is leaving Delaware for Nevada

62% of shareholders approved the reincorporation by written consent.

The board's reasons include:
- Delaware's "increasingly litigious environment" produces less meritorious lawsuits that distract management

- Nevada offers a more predictable, statute-focused legal environment

- Delaware franchise taxes cost them ~92,683 last year.. That's 79x more than what they expect to pay in Nevada ($1,175)

[Elon Musk @elonmusk]

@ProfRobAnderson Too many judges these days are actually activists pretending to be jurists

[Leave Delaware @LeaveDelaware]

Read the full analysis here:

https://t.co/VuGRTJYqBO

[Leave Delaware @LeaveDelaware]

🚨ExxonMobil ($620B) is making its case to shareholders: leaving New Jersey for Texas is the right move, and the evidence backs it up.

ExxonMobil's SEC filing pointed investors to research from Professor Shane Goodwin, Executive Director of SMU's Corporate Governance Initiative.
Here's what he found:

•ExxonMobil's stock didn't drop when the move was announced

•64% of its institutional shareholders are large enough to file proposals under Texas law on their own

•Texas has tougher provisions available, but ExxonMobil declined them

The critics warned shareholders would lose rights. The data says otherwise. The market agrees.

This is how reincorporation should be done. Full transparency, backed by evidence.