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Musk’s Neuralink switches location of incorporation to Nevada

2024.02.09 23:33


© Reuters. Neuralink brand and Elon Musk silhouette are seen on this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) -Elon Musk’s brain-chip implant firm, Neuralink, modified its location of incorporation from Delaware to Nevada, in accordance to the enterprise portals of each states.

The improvement comes a couple of week after Musk mentioned Tesla (NASDAQ:) would maintain a shareholder vote to switch its state of incorporation to Texas from Delaware after a choose invalidated his $56 billion pay package deal.

However, switching the state of incorporation for Tesla might include hurdles comparable to investor lawsuits, significantly if it was seen as a transfer to safe his pay package deal, authorized consultants mentioned.

Musk mentioned final week that Neuralink had implanted its first mind chip in a human affected person, who was recovering properly after the process.

Neuralink didn’t instantly reply to a Reuters request for remark.

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