Overview

• Taavet Hinrikus issued a letter via his Skaala Investments vehicle condemning the combined listing and super-voting extension as unfair and urged shareholders to vote against it
• He has sought discussions with proxy advisers Glass Lewis and ISS to secure recommendations opposing the dual-class share extension ahead of the vote
• Wise’s board, led by CEO Kristo Käärmann and backed by investors including Andreessen Horowitz, unanimously supports the proposals as vital for deeper access to US capital markets
• The resolution would make New York the primary exchange for Wise while extending Class B super-voting rights for ten years, preserving insiders’ control of over 90% of votes
• A binding shareholder ballot is set for Friday, with institutional votes from firms such as Baillie Gifford poised to determine the outcome