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lizzy241

02/20/25 12:29 PM

#433285 RE: lizzy241 #433284

jroon, I missed a step in the last post. The shares come from authorized then move to issued when the shareholder files to sell and freed up to sell then after sale they are added to the outstanding. In between the in-house attorney will file the proper documents to the SEC to notify them about the future sale.
If they run out of authorized they can always request additional authorized to be issued.
Actually, the last step is usually done when a company does a primary offering or a secondary therefore requiring a large increase authorized shares.