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Unissued Stock

   Also found in: Legal, Wikipedia 0.01 sec.
Unissued stock

Unissued Capital Stock
Stock that a publicly-traded company is authorized to issue but has not. Generally, the company's charter specifies the maximum number shares it is allowed to issue, but shareholders can increase or decrease it according to procedures listed in the charter. There is normally a larger amount of unissued capital stock than is required in order to give a company the greatest amount of flexibility. See also: Authorized shares.


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The new stock may be issued as a result of the sale of previously unissued stock or Treasury stock, the exercise of stock options or the exercise of stock warrants that were issued in conjunction with a debt offering.
5 percent of UPI's unissued stock, providing a more than $3 million capital infusion.
 
 
 
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