Proposal No. 5 withdrawal due to NASDAQ Rule 5635(b) compliance
Company: Marathon Digital
The claim, verbatim
Proposal No. 5 was withdrawn because it did not identify a new potential controlling shareholder as required by NASDAQ Rule 5635(b)
Source (primary)
Marathon Digital DEFA14A filed 2018-11-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Proposal is being withdrawn based upon a comment from Nasdaq that Proposal No. 5 does not identify a new potential controlling shareholder as required by Rule 5635(b).”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The November 14, 2018 proxy supplement states the proposal was withdrawn after Nasdaq commented that it did not identify a new potential controlling shareholder as Rule 5635(b) requires. It frames this as a Nasdaq comment rather than a formal finding, but the claim's substance is fully established.
Confirmed in the source:
- Marathon Patent Group withdrew Proposal No. 5 from consideration at its December 11, 2018 Annual Meeting
- The withdrawal was based on a Nasdaq comment that Proposal No. 5 did not identify a new potential controlling shareholder
- Identifying a new potential controlling shareholder is required by Nasdaq Rule 5635(b)
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315218015873/formdefa14a.htm) in full (3,452 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital DEFA14A filed 2018-11-14
Quote: “The Proposal is being withdrawn based upon a comment from Nasdaq that Proposal No. 5 does not identify a new potential controlling shareholder as required by Rule 5635(b).”