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 ?
ACT's Board of Directors recommended that stockholders vote for the increase in authorized shares so that the company may complete the settlements and have additional shares in the future for financing activities to fund operations and retain key personnel.
ACT's Board of Directors recommends that stockholders vote "For" the increase in authorized shares so that the company may complete the settlements and have additional shares in the future for financing activities to fund operations and retain key personnel.
More specifically at the Special Meeting, the stockholders approved an amendment to Vitesse's certificate of incorporation to increase the number of authorized shares of common stock from 500,000,000 to 5,000,000,000 to permit the conversion of the Company's recently issued Convertible Second Lien Debentures into shares of common stock and to provide available shares for other general corporate purposes.
Robert Corr went on further to state: "While it may appear out of line to some, this increase in authorized shares is vital for us to implement our strategic development plan.
to remove certain provisions specific to its structure as a blank check company prior to the merger, and to increase the authorized shares of common stock to 200,000,000.
And finally, the Board of Directors approved amendments to the Company's Amended and Restated Certificate of Incorporation to decrease the number of authorized shares of Common Stock from 30,000,000 to 5,000,000, and to eliminate the authorized shares of Class B Common Stock, $.
Pink Sheets:NMCX) announced today that during the audit of the company's financial statements for the years ended December 31, 2004 and 2005, by the Public Companies Accounting Oversight Board (PCAOB)-registered accounting firm, the Company discovered that the number of shares issued by its in-house transfer agent exceeded the company's authorized shares of common stock.

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