It was either one of two options to execute the private to public reverse merger.
Mota group inc
A/S increase or R/S not both.
They have chosen to facilitate the process by an increase of the authorized. Shares will become restricted after the symbol cusip change. (corporate actions)
Capital Structure Issues
There are several possible solutions to this problem.
"One might encounter is that the Public Shell might not have enough authorized shares of common stock to enable it to issue 80%-85% of common shares to the shareholders of the Private Company. For instance, the Public Shell might already have 50% of its authorized common shares issued to its current shareholders. There are several possible solutions to this Problem"
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