Atlassian (TEAM) shareholders can now vote on the proposals to move the country of domicile from the United Kingdom to the United States. This involves votes in 2 shareholder meetings. The first is a Court Meeting, essentially a general shareholder meeting in the UK. This is to approve the proposal to move the country of domicile from the UK to the US.
The second vote is for a General meeting. This is to approve the processes needed to move the country of domicile, cancel the old (UK) Atlassian shares and distribute the new (US) Atlassian shares.
Shareholders should be getting notification from their broker with voting information.
According to the proxy statement for the proposal, there will be no tax liability for the change for US shareholders of TEAM. Of course, as often happens in corporate transactions, there is the caveat that the IRS may disagree with the Atlassian interpretation of the tax code.
Russell