As part of a larger strategic corporate consolidation initiative that we put in place mid last year, we have made the strategic decision to voluntarily move Hopin’s parent company and headquarters from the United Kingdom to the United States.
We decided to make this shift to simplify our capital structure, focus operations on our live streaming and video hosting businesses and drive efficiency across our company. As stated, the parent company and headquarters of the Hopin group is now based in the United States. With this reorganization, Hopin Ltd (UK entity), is now a non-trading company and is in the process of being wound up and liquidated.
Our international operations have not significantly changed and the business continues to exceed growth expectations.