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 repurchase, which was executed over the last few weeks, is a part of the company's previously authorized stock repurchase plan of up to 3 million shares of the company's Class B common stock.
NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville metropolitan area, Indianapolis and Cincinnati, today announced that, as part of its currently authorized stock repurchase program, the Company has established a Rule 10b5-1 stock trading plan.
As part of a previously authorized stock repurchase program, the Company is also currently permitted to purchase approximately an additional $198 million of its shares of Class A Common Stock, subject to market conditions.
The January 3rd amendment also provides that the authorized common shares be increased upon the close of the merger from 750,000,000 to 1,500,000,000 to provide authorized stock that is available to the Company to pursue acquisitions that have been identified as part of its growing acquisition pipeline.
As part of a previously authorized stock repurchase program, the Company is also currently permitted to purchase approximately an additional $32 million of its shares of Class A Common Stock, subject to market conditions.
The transaction will be effective immediately upon ratification of Positron Corporation's increase of its authorized stock.

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