BackSummary
Shareholders approved an increase in authorized common stock from 10 billion to 13 billion shares, effective May 11, 2026.
Key takeaways
- Authorized capital increased from 10B to 13B shares of common stock, par value $0.001.
- Board approved the increase on April 17, 2026; shareholders approved effective May 11, 2026.
- Company will not effect the increase until at least 20 days after transmitting a definitive information statement.
- The increase provides flexibility for future capital raising or strategic transactions.