authorized shares
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Shareholders voted last month in favor of increasing the total number of authorized shares and carrying out a one-for-10 reverse stock split as part of a plan to convert its preferred shares into common shares.
From Reuters ● Apr. 3, 2023
The agreement between the two said that DWR had 7.5 million authorized shares, with 6.6 million outstanding.
From New York Times ● Jun. 7, 2016
In August 2010, Design Within Reach sought to reduce its total authorized shares from 31.5 million to just 630,000.
From New York Times ● Jun. 7, 2016
And Fiberglas' 27,500 shares of $100 cumulative preferred, 402,500 authorized shares of no-par common will be sold not to the public but to the step-parent firms.
From Time Magazine Archive
