The Georgia Proposal for Stock Split and Increase in the Authorized Number of Shares refers to a corporate action taken by a company registered in the state of Georgia, United States. This proposal aims to divide existing shares of the company into a larger number of shares while simultaneously increasing the authorized number of shares that can be issued by the company. This process is commonly adopted by companies to adjust their stock price and increase liquidity in the market. The stock split aspect of the Georgia Proposal involves splitting the outstanding shares of the company in a predetermined ratio, such as 2-for-1 or 3-for-1. For example, in a 2-for-1 split, each existing share is divided into two shares, effectively doubling the number of outstanding shares. This division does not alter the overall value of the company but has the potential to make the stock more affordable to individual investors. The increase in the authorized number of shares allows the company to create additional shares beyond the existing limit set in its articles of incorporation or bylaws. By increasing the authorized shares, the company obtains the flexibility to issue additional shares in the future for various purposes, such as employee stock options, acquisitions, or raising capital. Implementing a stock split and increasing the authorized shares has several potential benefits for the company. Firstly, the lower stock price resulting from the split may attract more individual investors who perceive it as a more affordable investment opportunity. This broader base of shareholders can enhance liquidity and potentially increase demand for the company's stock. Secondly, the increased authorized shares give the company more room for future equity issuance. This flexibility is crucial for companies planning to attract investment, acquire other businesses, or offer stock-based compensation packages to their employees. Having a sufficient number of authorized shares to meet various needs can simplify transactions and prevent the company from running out of available shares. It is important to note that there can be different types of stock splits, such as a forward split or a reverse split. A forward stock split involves dividing the shares into a larger number, as previously described, while a reverse stock split consolidates the shares into a smaller number. However, the Georgia Proposal specifically focuses on a standard forward stock split. In conclusion, the Georgia Proposal for Stock Split and Increase in the Authorized Number of Shares is a corporate action that allows a company based in Georgia to divide its existing shares into a larger number and simultaneously increase the authorized number of shares. This proposal aims to adjust the stock price, increase liquidity, and provide flexibility for future equity issuance. Different types of stock splits, such as forward splits and reverse splits, exist, but the Georgia Proposal mainly focuses on forward stock splits.
Georgia Proposal for the Stock Split and Increase in the Authorized Number of Shares
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The number of outstanding shares of Common Stock will be decreased as a result of a Reverse Stock Split, but the number of authorized shares of Common Stock will not be so decreased. PRE 14C re Reverse Stock Split - SEC.gov sec.gov ? Archives ? edgar ? data sec.gov ? Archives ? edgar ? data
In 2021, however, GE announced plans to break up into three publicly traded companies. The most recent GE stock split, in January 2023, involved the spinoff of GE HealthCare. An additional stock split will occur when GE Vernova is spun off from the rest of GE. GE's remaining divisions will then be renamed GE Aerospace.
?June 30, 2023?The Board of Directors of GE (NYSE: GE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable July 25, 2023, to shareholders of record at the close of business on July 11, 2023. The ex-dividend date is July 10, 2023.
In a 2-for-1 stock split, the number of outstanding shares is doubled and the price is reduced by half. The total market value (market cap) of the issuer's stock remains the same. 1.2.4 - STOCK SPLITS Flashcards - Quizlet quizlet.com ? 124-stock-splits-flash-cards quizlet.com ? 124-stock-splits-flash-cards
A 3/1 stock split is when a company splits a stock three ways rather than two. So if you have 100 shares of a stock valued at $30 each, you'll have 300 shares valued at $10 each.
In the example of a 2-for-1 split, the share price will be halved. Thus, while a stock split increases the number of outstanding shares and proportionally lowers the share price, the company's market capitalization remains unchanged. Understanding Stock Splits: How They Work - Investopedia investopedia.com ? ask ? answers ? what-sto... investopedia.com ? ask ? answers ? what-sto...
GE filed an amendment to its certificate of incorporation to effectuate the reverse stock split on July 30, 2021, and GE common stock began trading on a split-adjusted basis on August 2, 2021.
0508 Stock split list DateSplitCumulative multiple050x961997051x321994051x161987052x85 more rows Stock split history for General Electric (GE) Companies Market Cap companiesmarketcap.com ? generalelectric ? stoc... companiesmarketcap.com ? generalelectric ? stoc...