Mr Cooper Group Inc (COOP)

[Large Green]

Catz, this recent 8K filing should answer a lot of questions regarding how many shares, preferred and other to be issued or what is considered a "shelf offering" and these are shares that can be issued without shareholder approval.

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8110194



Reorganized Debtors

Pursuant to the Plan, on the Effective Date, the Debtors will be reorganized pursuant to chapter 11 of the Bankruptcy Code and Reorganized Common Stock will be issued to certain of the Debtors’ creditors as more fully described above under “Treatment of each Class of Claim or Equity Interest”. Investment will remain a wholly owned subsidiary of Reorganized WMI. The primary business of the Debtors on and from the Effective Date will be a reinsurance business that is currently operated by WMMRC, a wholly owned subsidiary of WMI that is incorporated in Hawaii. As of the Effective Date, Reorganized WMI will have 500,000,000 authorized shares of common stock, 200,000,000 shares of which will be issued on or about the Effective Date, and 5,000,000 authorized shares of preferred stock, each with a par value of $0.00001 per share. As of the Effective Date, the Amended and Restated Articles of Incorporation and the Amended and Restated Bylaws of Reorganized WMI will be substantially similar to the forms attached hereto as Exhibits 3.2 and 3.3, respectively, and are incorporated herein by reference. The name of WMI after the Effective Date is currently being confirmed and therefore its name appears in brackets in the Exhibits.




Item 3.03 Material Modification to Rights of Security Holders


On the Effective Date, all Common Equity Interests and Preferred Equity Interests of the Company shall be deemed extinguished and the certificates and all other documents representing such Equity Interests, if any, shall be deemed cancelled and of no force or effect. Except to the extent evidenced by electronic entry, and except with respect to the WMB Senior Notes and the WMB Subordinated Notes, as a condition of receiving any distribution pursuant to the Plan, each holder of a certificated instrument or note must surrender such instrument or note to the appropriate Trustee or the Debtors or their designee. Any holder of such instrument or note that fails to (i) surrender such instrument or note or