...To the extent that the increase in the number of shares of common stock authorized may have anti-takeover effects, the amendment may encourage persons seeking to acquire Phoenix Rising to negotiate directly with the Board of Directors, enabling the Board of Directors to consider a proposed transaction in a manner that best serves the stockholders’ interests.
... Phoenix Rising has no present plans or commitments for the issuance or use of the proposed additional shares of common stock in connection with any financing.
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