AtaiBeckley NV (NASDAQ:ATAI, XETRA:9VC) announced that it has completed the redomiciliation of its parent company from the Netherlands to the United States, with the new entity incorporated in Delaware.
The move was approved by approximately 99% of the votes cast at the company’s extraordinary general meeting of shareholders held on November 4.
The redomiciliation became effective following the close of trading on the Nasdaq Global Market on December 30.
As part of the transaction, all issued and outstanding ordinary shares of Atai Beckley N.V. were exchanged on a one-for-one basis for newly issued shares of common stock in the Delaware-based company, AtaiBeckley Inc. Former shareholders of the Dutch entity are now stockholders of the US company.
The company’s common stock will continue to trade on Nasdaq under the ticker symbol “ATAI.”
AtaiBeckley said the redomiciliation is expected to reduce costs, align the company’s corporate structure with its US listing and shareholder base, and simplify reporting and administrative requirements for both the company and its investors.