Witmer v. Armistice Capital, LLC - Affirmation of Chancery Judgment

Delaware Court Opinions

Filed March 27th, 2026

Detected March 28th, 2026

Summary

The Delaware Supreme Court affirmed a Court of Chancery judgment in the case of Witmer v. Armistice Capital, LLC. The appellate court found the lower court's decision to be sound and based on its prior memorandum opinion, leading to the affirmation of the judgment.

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What changed

The Delaware Supreme Court has affirmed a prior judgment from the Court of Chancery in the case Witmer v. Armistice Capital, LLC. The appellate court's decision, issued on March 27, 2026, indicates that the lower court's August 14, 2025 Memorandum Opinion provided sufficient reasoning and basis for its judgment, thus requiring no modification.

This ruling finalizes the legal proceedings at the state appellate level. Parties involved, particularly Armistice Capital, LLC and Armistice Capital Master Fund, Ltd. as defendants/appellees, should consider this affirmation as the final resolution of the appeal. No further actions are mandated by this order, as it upholds the existing judgment of the Court of Chancery.

Source document (simplified)

IN THE SUPREME COURT OF THE STATE OF DELAWARE PAUL WITMER, § § No. 381, 2025 Plaintiff Below, § Appellant, § Court Below—Court of Chancery § of the State of Delaware

§ § C.A. No. 2022-0807 ARMISTICE CAPITAL, LLC and § ARMISTICE CAPITAL MASTER § FUND, LTD., § § Defendants Below, § Appellees. § Submitted: March 11, 2026 Decided: March 27, 2026 Before SEITZ, Chief Justice; VALIHURA and TRAYNOR, Justices.

ORDER

This 27th day of March, 2026, after consideration of the parties’ briefs, the argument of counsel, and the record on appeal, it appears to the Court that the judgment of the Court of Chancery should be affirmed on the basis of and for the reasons stated in its August 14, 2025 Memorandum Opinion. 1 NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of Chancery be AFFIRMED. BY THE COURT: /s/ Gary F. Traynor Justice

Witmer v. Armistice Capital, LLC, 344 A.3d 632 (Del. Ch. Aug. 14, 2025).