Twenty One Capital Gets NYSE Non-Compliance Warning With Friday Deadline

• NYSE notified Twenty One Capital of non-compliance with audit committee independence requirements.
• The company has until June 5 to appoint an independent audit committee member or face BC designation.
• Below Compliance indicator will appear on the NYSE profile data and news pages starting June 9 if unresolved.

Twenty One Capital, the Bitcoin treasury company backed by Tether and fronted by Strike CEO Jack Mallers, has until Friday to appoint an independent director or face a below compliance flag from the New York Stock Exchange.

The company disclosed the deadline on Monday morning. It has been aware of the deficiency for approximately two weeks, having received a formal non-compliance notice from NYSE on May 29.

What Triggered the Warning

The compliance breach traces back to a single transaction on May 19. Tether purchased SoftBank’s entire stake of 89,106,74…

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