Authorized shares

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Related to Authorized shares: authorized capital, Outstanding shares, Issued shares

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 ?
Prior to the discovery of the greater imbalance between authorized shares and issued and convertible shares, the Company had prepared a letter to all shareholders, then intending to make its audited financial statements for 2004 and 2005 available.
Stockholders will be asked to approve an increase in authorized shares to accommodate the stock split at the Annual Meeting to be held in Cleveland on May 12, 1994.
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.
The recapitalization will propose a 10-for-1 reverse stock split of MTALA's issued and outstanding shares of Class A common stock, the creation of a new class of 10,000,000 shares of preferred stock and an increase in authorized shares of common stock.
Global which would increase the number of authorized shares of Class A Common Stock from 7 million to 28 million, Class B Common Stock from 2.
17 Annual Shareholders Meeting, Gelman Sciences Board of Directors will vote to increase the number of authorized shares from 4 million to 8 million, so that the stock split can be effected.
as its auditors, the adoption of a Stock Option Award Plan authorizing the grant of options to purchase 150 million shares of the company's common stock, and an approval to an amendment to the company's certificate of incorporation to increase the number of authorized shares of common stock from 1,950,000,000 to 5,000,000,000.
NYSE: CWM) announced today that it filed a preliminary proxy statement with the Securities and Exchange Commission for a special meeting of shareholders to be held to obtain approval for an increase in the number of authorized shares of common stock of the company.
Allergan's Board of Directors believes that the proposed increase in the number of authorized shares of common stock will enhance Allergan's flexibility in connection with a stock split or other corporate purposes.
GNC) (NASDAQ: GNCI) announced today that the amendment to its certificate of incorporation increasing the number of authorized shares of common stock to 95,000,000 and the number of authorized shares of Class-B common stock to 5,000,000 was approved at Thursday's special meeting of stockholders.

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