authorized shares

Example Sentences

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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