Maxar Concludes US Domestication Process

Maxar Technologies (NYSE: MAXR) has completed the procedure of incorporating the space technology services contractor under the laws of the state of Delaware.

The company said Tuesday it also transitioned to U.S. generally accepted accounting principles standards and securities filings.

All outstanding and issued common shares of the Canadian parent company were exchanged for Maxar stocks.

Shareholders cleared the U.S. domestication plan at a special meeting held in November and the company subsequently received approval from the Supreme Court of British Columbia in Canada to proceed with the initiative.

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