Shareholders can send their written questions no later than two working days before the Shareholders' Meeting. Can a company issue stock without shareholder approval?Exchange prior to entering into a transaction that may require shareholder approval. Here are six questions to ask at the outset when your company wants to pay for an acquisition with stock. This article explains the basic requirements to keep in mind when your corporation issues any securities. Shareholder approval is required prior to an issuance that could result in a change of control of the issuer. If shareholder approval of a transaction is required, then the proposal in the proxy should give specific details on the nature of the transaction (e.g. Common growth stock shares grant voting rights to the shareholders, and they have the greatest potential for long-term growth. It must then obtain board approval to issue additional shares. Rule 5635 limits the number of shares or voting power that can be issued or granted without shareholder approval prior to the issuance of certain securities.