On October 3, 2022, Atlassian Corporation, a leading provider of team collaboration and productivity software, announced the completion of the company’s redomiciliation from the United Kingdom to the United States. The High Court of Justice in England and Wales sanctioned the scheme of arrangement under Part 26 of the Companies Act 2006 (the Scheme) pursuant to which Atlassian Corporation has become the new Delaware incorporated holding company of Atlassian Corporation Plc and its subsidiaries. Following the delivery on September 30, 2022 of the Court Order to the Registrar of Companies in the United Kingdom, the Scheme became effective. Wilson Sonsini Goodrich & Rosati advised a committee of the Atlassian board of directors that oversaw the transaction.
Atlassian believes the redomiciliation into 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 in accessing capital. The company does not anticipate any impact on employees, day-to-day business and operations, or services to customers as a result of the redomiciliation.
The Wilson Sonsini team that advised a committee of the Atlassian board of directors on the transaction includes:
Corporate and Corporate Governance
Larry Sonsini
Amy Simmerman
James Griffin-Stanco
Doug Schnell
Ryan Hart
Helen Qi
For more information, please see Atlassian’s press release.