Humanigen Inc (fka HGENQ)

[PITrader87]

This is old news just a notice of board approval. Extra Authorized shares and reverse split options are necessary in articles of incorporation to prepare for growth and as emergency measures. It does not mean they HAVE to be used. If you read further, some of the auth. shares will be used in their employee benefit/compensation plan. They need these shares to plan for future growth. Imagine the adjustments this company will have to make if approved as a covid therapeutic - it will go from having no revenue to having the potential for billions almost instantly.

Yes, they could issue shares publicly as a fundraising option, but this is not their only option.