PANews reported on June 2nd that, according to Protos, Twenty One Capital received a notice from the NYSE requiring it to resolve an issue with insufficient independent directors on its audit committee by Friday, or it will be flagged as "below compliance standards." This issue stems from Tether's acquisition of all Class A shares of SoftBank on May 19th and the cancellation of the corresponding Class B shares. After SoftBank nominated two directors who resigned, the audit committee was left with only one independent director, fewer than the NYSE's requirement of two. Twenty One stated it will fill the vacancy with an independent director as soon as possible. The company is controlled by Tether, has hired Jack Mallers of Strike as its spokesperson, its stock price has fallen 83% over the past year, it holds approximately 43,500 Bitcoins with a market capitalization of about $3.1 billion, but the company's total market capitalization is less than $2.5 billion.