Itafos Inc., Houston, said on July 1 it has completed a redomiciliation from the Cayman Islands to the U.S.
“We are pleased to have completed our redomiciliation to the United States, where most of our operations, customers, employees, and contractors are located,” said G. David Delaney, Itafos CEO. “This transaction further improves the efficiency of our corporate structure.”
The redomiciliation was implemented as a continuation of the company’s jurisdiction of incorporation from the Cayman Islands to the State of Delaware.
In connection with the redomiciliation, the company has changed its name from Itafos to Itafos Inc. It said it has received all required approvals and consents to implement the redomiciliation.
The company does not anticipate any impact to its operations, customers, employees, or contractors as a result of the redomiciliation. The company’s issued and outstanding shares will remain issued and outstanding as shares of the company’s common stock after the redomiciliation without any action required by shareholders.
Company shares will continue trade on the TSX-V under the ticker symbol “IFOS,” and the company will continue to be subject to the rules and policies of the TSX-V.
Trading of the company’s shares as a Delaware corporation and under its new name will commence at market open on the date specified in the TSX-V bulletin that will be issued in connection with the domiciliation and name change. On such date, the company’s shares will commence trading under the new CUSIP 465270106 and new ISIN US4652701065.