authorized shares


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Related to authorized shares: authorized capital, Outstanding shares, Issued shares
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  • noun

Synonyms for authorized shares

the maximum number of shares authorized under the terms of a corporation's articles of incorporation

References in periodicals archive ?
n the company's authorized shares by the company's stockholders.
The DCH board of directors endorsed the proposed increase in authorized shares of common stock from 50 million to 100 million, and the number of shares of common stock reserved under the company's 2001 Stock Option Plan from 5 million to 10 million.
The settlement agreements further provide that the shares will be delivered following the approval of an increase in the company's authorized shares by the company's stockholders.
Article IV of the Company's Articles of Incorporation will be amended to decrease the number of authorized shares from 5,000,000 to 4,000,000 shares.
The Company listened to the concerns of its shareholders regarding the Proposal and, based on their input, the Company has decided to amend the Proposal by removing the proposed increase in the number of authorized shares of preferred stock.
Vitesse Semiconductor Corporation (Pink Sheets: VTSS), a leading provider of advanced integrated circuit solutions for Carrier and Enterprise networks, today held its Special Meeting of Stockholders resulting in approval to increase the number of authorized shares of common stock from 500,000,000 to 5,000,000,000 and approval to authorize the Company's Board of Directors to effect a reverse stock split of the Vitesse's common stock.
In summary, the resolutions increase the number of authorized shares of Citi's common stock to 60 billion; eliminate the right of the holders of common stock to vote on any amendment to the restated certificate of incorporation that relates solely to the terms of any series of preferred stock; and authorize (but do not require) the Board of Directors to effect a reverse stock split, at one of seven ratios, at any time prior to June 30, 2010.
RSHN) has increased its authorized shares this week by 6 Billion in order to complete its purchase of Garden Beverage as well as the upcoming joint venture investment in Amicalola Water Co.
NASDAQ:GROW) today announced that its shareholders have approved an increase in authorized shares that enables the company to effect the two-for-one stock split of the Company's outstanding shares of Class A Common Stock and Class C Common Stock announced on November 8, 2006.
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