TEAM, Anywhere/SAN FRANCISCO–(BUSINESS WIRE)–Atlassian Corporation (NASDAQ: TEAM), a leading provider of team productivity and collaboration software, today announces the completion of the company’s redomiciliation from the United Kingdom to the United States. Joined.
The High Court of Justice in England and Wales sanctioned the scheme of arrangement under Part 26 of the Companies Act 2006 (the “Scheme”) under which Atlassian Corporation has become the newly incorporated holding company in Delaware of Atlassian Corporation Plc and its subsidiaries. Following delivery on September 30, 2022 of the court order to the UK Registrar of Companies, the Scheme became effective.
The last day of trading for the Class A common shares of Atlassian Corporation Plc on the Nasdaq Global Select Market (“Nasdaq”) was September 30, 2022. As of the effective date of the Plan, each Class A common share outstanding and each Class B common share of Atlassian Corporation Plc was canceled and exchanged for one common share of Atlassian Corporation of the corresponding class, and Atlassian Corporation Plc became a subsidiary of Atlassian Corporation. Trading in the Class A Common Stock of Atlassian Corporation on Nasdaq will commence on October 3, 2022 under the ticker symbol “TEAM”, which was the symbol for the Class A Common Stock of Atlassian Corporation Plc.
Atlassian believes that redomiciliation to the United States will increase access to a broader set of investors, support inclusion in additional stock indices, improve financial reporting comparability with industry peers, streamline its corporate structure and provide more flexibility. to access capital. The company does not anticipate any impact on employees, daily business and operations, or customer services as a result of the redomiciliation.
Atlassian Corporation will be subject to the reporting requirements of the US Securities and Exchange Commission (“SEC”) as a domestic issuer and applicable Nasdaq exchange rules. More details on the implementation of redomiciliation can be found in today’s filings with the SEC.
Any statements in this press release about Atlassian’s future expectations, plans and prospects, including, without limitation, statements about when Atlassian Corporation’s Class A common stock will begin trading on Nasdaq, the potential benefits of redomiciliation and other statements containing the The words “anticipate,” “believe” and similar expressions constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated in such forward-looking statements as a result of several important factors, including: factors discussed in the “Risk Factors” section of the company’s filings with the SEC, including Atlassian Corporation Plc’s most recent Annual Report on Form 20- F and the proxy statement on Form 6-K provided to the SEC on March 11, July 2022. Accordingly, readers should not place undue reliance on forward-looking statements or information. In addition, any forward-looking statements included in this press release represent our opinion only as of the date of this release and should not be relied upon to represent our opinion as of any later date. Atlassian specifically disclaims any obligation to update any forward-looking statements contained in this press release.
Atlassian unleashes the potential of every team. Our team collaboration and productivity software helps teams organize, discuss, and complete shared work. Teams of more than 240,000 customers, at organizations large and small, including Bank of America, Redfin, NASA, Verizon, and Dropbox, use Atlassian’s project tracking, content creation and sharing, and service management products to get work done. better together and deliver quality results on time. Learn more about our products, including Jira Software, Confluence, Jira Service Management, Trello, Bitbucket, and Jira Align at https://atlassian.com/.
