ZeroStack Corp. changes incorporation from Ontario to Texas, maintains Nasdaq listing

ZeroStack Corp., a Nasdaq-listed company (ticker symbol ZSTK), has recently altered its legal home from Ontario, Canada, to the state of Texas. This decision became official at 4:05 p.m. Eastern Daylight Time on Tuesday. According to the company's Securities and Exchange Commission filing, ZeroStack Corp. ceased to exist under Ontario's laws and transitioned to being a Texas corporation under the Texas Business Organizations Code.

As part of this legal shift, all existing common shares were exchanged at a one-to-one ratio for shares of the newly Texas-incorporated entity. The company assured investors that its common stock will continue to trade on the Nasdaq Capital Market under the same ZSTK ticker. Shareholder rights are now governed by Texas' certificate of formation, bylaws, and the Texas Business Organizations Code.

The company provided additional details about the changes in shareholder rights, as well as the new governing documents, in its Form S-4 registration statement. The revised Texas certificate of formation and bylaws have been attached as exhibits to the company's latest report. Following this change in jurisdiction, ZeroStack Corp.'s common stock is now registered under Section 12(b) of the Securities Exchange Act of 1934, and the firm remains required to meet ongoing reporting obligations.

This information was derived from a press release included in the company's filing with the Securities and Exchange Commission.