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Authorized shares |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.06 sec. |
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Shareholders of record as of February 23, 2007, will be entitled to vote in matters at issue before the meeting, which are expected to include election of directors, amendment of the Articles of Incorporation to increase the number of authorized shares to address an over issuance, and any other matters that may properly come before the meeting. In addition to the name change, the Schedule 14c also includes the Company's intention to increase the Company's authorized shares of capital stock from 200 million to 500 million, consisting of 400 million authorized shares of common stock and 100 authorized shares of preferred stock. NEW YORK -- IBAC Corporation (Pinksheets:IBCX) announced today that its Board of Directors has approved an immediate reduction of its Authorized shares from 500 Million to 350 Million. |
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Authorized shares
