NorthWest Biotherapeutics Inc (NWBO)

[theorysuit]

No Automatic Reduction: The authorized share count doesn't automatically shrink; it usually requires a formal change to the company's charter (certificate of incorporation).

Authorized shares don't get reverse split adjusted. That was the point. Once 900 m is authorized, it is set in stone regardless of if there is r/s. It extends the runway. It doesn't change.