Authorized shares

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Related to authorized stock: unissued capital stock

Authorized shares

Number of shares authorized for issuance by a firm's corporate charter.

Authorized Shares

The maximum number of shares a company is allowed to issue. Generally, the company's charter specifies the number of authorized shares, but shareholders can increase or decrease it according to procedures listed in the charter. Typically, the number of authorized shares is larger than the required amount in order to give a company the greatest amount of flexibility. Authorized shares are also called authorized capital stock or simply authorized stock.
References in periodicals archive ?
The transaction will be effective immediately upon ratification of Positron Corporation's increase of its authorized stock.
Indocan Resources has authorized Stock Charter Group to explore financing sources to expand its exposure in various oil production areas.
Indocan Resources has authorized Stock Charter Group to explore financing sources to expand its exposure in various oil production areas, achieve visibility in worldwide markets, maintaining and fostering a new investor base, create a reliable secondary market, and enter into new capital markets.
This newly authorized stock repurchase program demonstrates the continued confidence we have in our company and shows our commitment to deliver long-term stockholder value," said Richard Fennessy, president and chief executive officer.
a leading publicly traded finance company focused on the commercial real estate industry, announced today that it intends to reactivate its previously authorized stock repurchase program.
Nasdaq:EPAX) ("Company"), a leading provider of educational travel experiences, announced today that its board of directors declared a quarterly dividend, a two-for-one stock split, and an increase to its authorized stock repurchase program.

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