Authorized shares definition
Examples of Authorized shares in a sentence
Information regarding Class A common stock at December 31, 2001 and 2000 follows: 2001 2000 ---- ---- Par value per share $ .01 $ .01 Authorized shares 9,000,000 9,000,000 Shares issued 1,705,438 2,023,109 Information regarding preferred stock at December 31, 2001 and 2000 follows: Par value per share $ .01 Authorized shares 1,000,000 Shares issued 592,681 The Savings Bank is subject to various regulatory capital requirements administered by the federal banking agencies.
Authorized shares of the stock of the Corporation will be issued for such consideration (but not less than par value) and to such persons as the Board determines from time to time.
Note 7: Stockholders' Equity Authorized shares: On May 1, 1998, the Company's Certificate of Incorporation was amended to increase the authorized number of shares of all classes of Company stock to 55,000,000 shares, consisting of 40,000,000 shares of common stock with a par value of $.0001 per share and 15,000,000 shares of preferred stock with a par value of $.0001 per share.
Issuance of 34,000,000 common shares for ITP SHARE CAPITAL POST CLOSING Authorized shares: 1,000,000,000 common shares par value $0.001 20,000,000 preferred shares par value $0.001 Non restricted shares outstanding 2,007,500.
In consideration for the rights and licenses granted by Caltech to DPI hereunder, DPI shall issue to Caltech Two Million, Nine Hundred Thousand (2,900,000) shares of DPI Common Stock (29% of the Authorized shares of DPI).