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authorized capital stock

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authorized capital stock
The number of shares of capital stock that a business may issue. Authorized capital stock is stated in a firm's articles of incorporation; changes in it may occur only if approved by the stockholders. The number of shares authorized often greatly exceeds the number actually issued. In this way, management can issue more shares to raise additional funds, or it can use the shares to make an acquisition. Also called shares authorized.
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Pursuant to the securities purchase agreement entered into between the Company and the investor, the Company shall use its reasonable best efforts, within seventy-five days of the agreement date, to effectuate an increase of its authorized capital stock.
Cobalis Enters into $3.85 Million Financing Commitment with an ... by Business Wire
SendTec also announced that on November 10, 2006, it received the requisite stockholder vote approving an increase in the number of shares of the Company's authorized capital stock and will file an amendment to its certificate of incorporation to authorize such increase.
SendTec, Inc. Announces Record Year-To-Date 2006 Results and ... by Business Wire
The Company currently has authorized capital stock of 525,000,000 shares, including 500,000,000 shares of common stock and 25,000,000 shares of preferred stock.
MotorSports Emporium, Inc. Files Schedule 14C; MSEP Announces Reverse ... by Business Wire
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