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The Board of Directors of the MARA organization, an organization considered to have made many advancements since its formation. MARA Board has proposed a motion to increase its ability to capture future growth opportunities with the increase of shares from 500M to 800M.
The Board decided after extensive deliberations with advisors that amending our Articles of Incorporation to increase the number of authorized shares from 500 million to 800 million is in the Company’s best interest.
— MARA (@MARAHoldings) January 10, 2025
MARA is a well-known financial platform for leveraging digital asset compute, supporting energy formation. The proposal to increase the number of authorized shares should satisfy this requirement and enable the Board to maintain its growth path.
The plan to increase the company’s authorized capital also corresponds to similar actions taken by other crypto industry players. This initiative aims to prepare MARA to act when favourable market conditions are available in terms of financing as well as acquisition.
Flexibility and Transparency, The Integral Part of MARA Growth and Strategy
The Board stated that this flexibility will be the key to the future of MARA Holdings’ survival and learning. Additional shares given authority means that the company would be better placed in rake management issues, which are critical in business in raising capital and executing important strategic transactions for the company’s growth plan.
MARA shareholders will shortly receive elaborate proxy materials containing information about the proposal’s details. Such materials will cover the Board’s suggestion on increasing the authorized capital and the consequences for its growth.
The Board also reassured the shareholders of its ability to maintain high levels of transparency of all shareholders’ meetings and make all the necessary information available to the shareholders to assist them in voting for their best interest.
Guiding MARA’s Future with Strategic Vision
The MARA Board of Directors has a strategic plan of long-term vision in transforming and keeping the institution financially flexible to adapt to unforeseen future circumstances.
This proposal demonstrates that MARA has been anticipating the needs of its industry and ensuring that it preserves this flexibility in order to positively react to changing conditions. The shareholder vote will decide the future of the execution of this strategic plan.