Elon Musk has moved Neuralink’s state of incorporation. Neuralink is a brain-chip implant company that placed its first chip in a human patient.
Elon Musk, the owner of brain-chip implant company, Neuralink, changed its location of incorporation from Delaware to Nevada, according to the business portals of both states.
A week ago Musk claimed his automaking company, Tesla, launched a new tab to hold a shareholder vote to move its incorporation to Texas from Delaware after a judge nullified his $56 billion pay package.
Legal experts warned moving Tesla’s place of incorporation might lead to investor litigation, especially if it was regarded as a maneuver to ensure his compensation package.
Musk announced last week that Neuralink has implanted its first brain chip in a patient who was recovering well.
Conclusion
Elon Musk, the owner of brain-chip implant company Neuralink, has moved its state of incorporation from Delaware to Nevada. This comes after a judge invalidated Musk’s $56 billion pay package. Legal experts suggest that this move could lead to investor lawsuits. Neuralink is a brain-chip implant company that implanted its first chip in a human patient.
