EXp Shareholders Back DExit Plan After Court Loss: Texas Brief

EXp Votes to ‘DExit’ to Texas

EXp World Holdings, which lost a landmark Delaware court ruling over its alleged “rape culture,” said its shareholders voted to recharter the real estate firm in Texas, Mike Leonard reports.

The company issued a regulatory filing disclosing the outcome of its May 8 annual meeting, including the “DExit” proposal, which garnered roughly 80 million shares voted in favor, 36.5 million against, and about 25 million combined abstentions and broker non-votes.

The announcement comes nearly four months after a Delaware Chancery Court judge ordered eXp founder Glenn Sanford to face a shareholder lawsuit ...