Wednesday, June 01, 2022 7:58:19 PM
A) increase authorized shares , normally allowed once a year and needs a shareholder vote.
B) do a reverse split so authorized share count stays same but there are now half as many issued (if 2:1 reverse split) allowing those “new” shares to be sold and issued.
If the re is specific use for the funds it can work, or if it is associated with NASDAQ listing but 9 out of 10 just means more , faster dilution.
Option A sometimes sees companies with 10s of billions of shares (BIEL comes to mind)
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM