Three shareholders, Tony Vejseli, Chris Villinger, and Brett Perry, nominated Oliver Wiener and Michael Abbate for the Ionic Digital Board. The Annual Meeting is set for March 17, 2025, where key director positions will be contested.

Oliver Wiener has over 20 years of experience in finance with a focus on technology and blockchain, while Michael Abbate is knowledgeable about Ionic Digital’s assets due to his significant background in corporate restructuring.

Facing transparency issues, the Nominating Shareholders filed a lawsuit to obtain the shareholder list and waive quorum requirements. They advise shareholders not to vote on any proxy cards distributed by the company to protect their votes.