The High Court of Ireland has approved the Scheme of Arrangement, allowing Weatherford International plc to change its legal domicile from Ireland to Delaware. The company expects to complete the redomestication on November 13, 2026, subject to customary closing conditions. Upon completion, Weatherford International Corp, a new Delaware corporation, will become the publicly traded parent company. The transaction is expected to result in deferred tax assets valued between $250 million and $300 million, creating a positive non-cash adjustment to the fourth quarter 2026 income tax provision. Shares are expected to continue trading on Nasdaq under the WFRD ticker. Weatherford is a global energy services company that provides drilling, well completion, and production optimization solutions.
