{
  "name": "Texas Redomesticators 2024-26",
  "url": "https://www.kraus.law/trackers/texas-redomesticators-2024-26/",
  "creator": "Charles R. Kraus",
  "publisher": "Kraus Law PLLC",
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "licenseName": "CC BY 4.0",
  "citation": "Charles R. Kraus, Texas Redomesticators 2024-26, Kraus Law (last updated September 28, 2026), https://www.kraus.law/trackers/texas-redomesticators-2024-26/.",
  "lastVerified": "2026-09-28",
  "rowCount": 17,
  "columns": [
    "id",
    "Company",
    "Ticker",
    "Origin",
    "Date",
    "Status",
    "Mechanism",
    "Stated Rationale",
    "sort key"
  ],
  "notes": {
    "id": "Anchors a row on the page. https://www.kraus.law/trackers/texas-redomesticators-2024-26/#<id> links straight to it.",
    "arrays": "A value given as a list was two facts on separate lines in the table. In the CSV those are joined with ' | '.",
    "sourceColumns": "A column ending in '(source)' holds the primary-source link that cell points at."
  },
  "rows": [
    {
      "id": "spacex",
      "Company": "SpaceX",
      "Ticker": "SPCX",
      "Origin": "Delaware",
      "Date": "February 14, 2024",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Operational alignment with Texas headquarters; regulatory environment",
      "sort key": "2024-02-14"
    },
    {
      "id": "tesla-inc",
      "Company": "Tesla, Inc.",
      "Ticker": "TSLA",
      "Origin": "Delaware",
      "Date": "June 13, 2024",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Response to Tornetta v. Musk chancery ruling voiding $56B compensation package",
      "sort key": "2024-06-13"
    },
    {
      "id": "zion-oil-and-gas",
      "Company": "Zion Oil & Gas",
      "Ticker": "ZNOG",
      "Origin": "Delaware",
      "Date": "June 11, 2025",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Statute-focused approach over case-law unpredictability",
      "sort key": "2025-06-11"
    },
    {
      "id": "equipmentshare-com-inc",
      "Company": "EquipmentShare.com Inc.",
      "Ticker": "EQPT",
      "Origin": "Delaware",
      "Date": "June 30, 2025",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Operational alignment with Texas business",
      "sort key": "2025-06-30"
    },
    {
      "id": "dillard-s-inc",
      "Company": "Dillard's, Inc.",
      "Ticker": "DDS",
      "Origin": "Delaware",
      "Date": "August 31, 2025",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Operational nexus: more stores (55) and more revenue in Texas than in any other state; reduced exposure to opportunistic litigation",
      "sort key": "2025-08-31"
    },
    {
      "id": "coinbase-global-inc",
      "Company": "Coinbase Global, Inc.",
      "Ticker": "COIN",
      "Origin": "Delaware",
      "Date": "December 15, 2025",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Texas Business Court; efficiency, predictability, fairness; end of Delaware \"monopoly on corporate law\"",
      "sort key": "2025-12-15"
    },
    {
      "id": "eightco-holdings-inc",
      "Company": "Eightco Holdings Inc.",
      "Ticker": "ORBS",
      "Origin": "Delaware",
      "Date": "February 2, 2026",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Statute-focused approach; departure from Delaware judicial environment",
      "sort key": "2026-02-02"
    },
    {
      "id": "forward-industries-inc",
      "Company": "Forward Industries, Inc.",
      "Ticker": "FWDI",
      "Origin": "New York",
      "Date": "March 5, 2026",
      "Status": "Completed",
      "Mechanism": "Merger",
      "Stated Rationale": "Move out of New York; Texas alignment",
      "sort key": "2026-03-05"
    },
    {
      "id": "arcbest-corporation",
      "Company": "ArcBest Corporation",
      "Ticker": "ARCB",
      "Origin": "Delaware",
      "Date": "May 15, 2026",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Statute-focused approach; reduced litigation exposure",
      "sort key": "2026-05-15"
    },
    {
      "id": "ttec-holdings-inc",
      "Company": "TTEC Holdings, Inc.",
      "Ticker": "TTEC",
      "Origin": "Delaware",
      "Date": "May 22, 2026",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Decade-long evaluation; concern over Delaware \"hostility to controlled companies\"; Texas Business Court",
      "sort key": "2026-05-22"
    },
    {
      "id": "dream-finders-homes",
      "Company": "Dream Finders Homes, Inc.",
      "Ticker": "DFH",
      "Origin": "Delaware",
      "Date": "June 9, 2026",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Texas Business Court preference; code-based statutory approach over Delaware case law",
      "sort key": "2026-06-09"
    },
    {
      "id": "exp-world-holdings-inc",
      "Company": "AGNT, Inc. (formerly eXp World Holdings)",
      "Ticker": "AGNT",
      "Origin": "Delaware",
      "Date": "June 11, 2026",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Statute-focused approach; predictability for business decision-making",
      "sort key": "2026-06-11"
    },
    {
      "id": "firstcash-holdings-inc",
      "Company": "FirstCash Holdings, Inc.",
      "Ticker": "FCFS",
      "Origin": "Delaware",
      "Date": "June 18, 2026",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Texas is home: Fort Worth headquarters and about 40% of domestic stores and 45% of domestic employees; unify operational headquarters and legal jurisdiction",
      "sort key": "2026-06-18"
    },
    {
      "id": "voyager-technologies",
      "Company": "Voyager Technologies, Inc.",
      "Ticker": "VOYG",
      "Origin": "Delaware",
      "Date": "June 18, 2026",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Predictable legal environment for emerging-technology business",
      "sort key": "2026-06-18"
    },
    {
      "id": "exxonmobil-corp",
      "Company": "Exxon Mobil Corporation",
      "Ticker": "XOM",
      "Origin": "New Jersey",
      "Date": "July 1, 2026",
      "Status": "Completed",
      "Mechanism": "Merger into Texas holding company",
      "Stated Rationale": "Texas operational center; legal environment alignment",
      "sort key": "2026-07-01"
    },
    {
      "id": "dell-technologies",
      "Company": "Dell Technologies Inc.",
      "Ticker": "DELL",
      "Origin": "Delaware",
      "Date": "July 1, 2026",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Alignment with Texas roots (founded Austin 1984); business-friendly environment",
      "sort key": "2026-07-01"
    },
    {
      "id": "natural-gas-services-group",
      "Company": "Natural Gas Services Group, Inc.",
      "Ticker": "NGS",
      "Origin": "Colorado",
      "Date": "July 20, 2026",
      "Status": "Completed",
      "Mechanism": "Conversion",
      "Stated Rationale": "Operational alignment: Southlake headquarters, Midland administrative office, Permian Basin and Eagle Ford operations, Texas-based leadership",
      "sort key": "2026-07-20"
    }
  ]
}