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no_circuit • yesterday at 12:28 PM • 3 replies • view on HN

Yes, from https://www.txse.com/solutions:

  TXSE's goal is to provide greater alignment with issuers and investors and address the high cost of going and staying public.
The alignment part translates IMO to avoiding political / social science policy issues like avoiding affirmative action listing requirements like the Nasdaq Board Diversity Rules that was just recently repealed: https://corpgov.law.harvard.edu/2025/01/12/fifth-circuit-vac....

So it is as one might imagine, the formation was probably for similar reasons why owners are moving their company registration out of Delaware.

Replies

abirch • yesterday at 1:43 PM

Delaware protects the shareholders. It's uncertain what will happen in Texas.

https://www.bloomberg.com/opinion/articles/2024-02-01/texas-... https://www.bloomberg.com/opinion/articles/2025-02-03/texas-...

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underlipton • yesterday at 6:28 PM

In a structurally-biased environment, the loss of policies that counteract that bias does not allow companies to "avoid" politics and social science; it allows them to take the side in favor of the structurally-biased status quo. Just so we're clear about what that is.

hopelite • yesterday at 2:19 PM

[flagged]

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