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Tuesday, December 12, 2023 12:13:14 PM
https://www.sec.gov/Archives/edgar/data/1844507/000119312523290761/d870190dex21.htm
I'm confused on how many authorized shares the "new" VASO will be able to issue. Current authorized common shares are 250M according to OTCMarkets. However, in the AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF VASO CORPORATION (Exhibit J) the following is stated:
(A) Authorized Capital Stock. The total number of shares of all classes of stock which the Corporation shall have authority to issue is ten thousand (10,000) shares of common stock, par value $0.01 per share (hereinafter, the “Common Stock”).
Am I interpreting these numbers correctly, or am I not understanding something here? How could VASO go from its current OS of ~185M common shares to at most 10,000 shares? That seems a bit ridiculous to me. lol
Disclaimer: Do not rely on my projections or opinions to make a buy or sell decision. Always do your own DD.
Recent VASO News
- Form PRER14A - Preliminary Proxy Soliciting materials • Edgar (US Regulatory) • 07/26/2024 01:37:49 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:01:18 PM
- Form PREM14A - Preliminary proxy statements relating to merger or acquisition • Edgar (US Regulatory) • 03/06/2024 09:58:30 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 12/11/2023 07:10:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:00:38 PM
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