Stronghold Urges Stockholders to Follow the “FOR” Recommendation of ISS and Glass Lewis and Support the Pending Merger With Bitfarms at the Upcoming Special Meeting
Stronghold Digital Mining, Inc. (SDIG)
NASDAQ:AMEX Investor Relations:
prnewswire.com/news-releases/stationdigital-offers-investors-mobile-access-to-company-information-through-ios-and-android-investor-relations-app-266774151.html
Company Research
Source: GlobeNewswire
NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, the “Company”, or “we”) today announced that the world’s leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), have each recommended that Stronghold stockholders vote “FOR” the pending merger (the “Merger”) between Stronghold and Bitfarms Ltd. (NASDAQ/TSX: BITF) at the upcoming special meeting of the Company’s stockholders on February 27, 2025. In its report dated February 14, 2025, ISS stated, “[T]he company’s sale process was thorough, cost savings are expected as a result of the transaction, and the share form of consideration will allow SDIG shareholders to participate in the upside potential of a larger entity. On balance, support for the transaction is warranted.”1 In its report dated February 12, 2025, Glass Lewis also recommended support for the Merger. Gregory Beard, Chief Executive Officer, Preside
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