North Dakota Proposal to amend certificate to reduce par value, increase authorized common stock and reverse stock split with Exhibit

• Category: Corporations - Public - Changes Affecting Capital Stock
• State: Multi-State
• Control #: US-CC-3-213F
• Format: Word; Rich Text

Description

This sample form, a detailed Proposal to Amend Certificate to Reduce Par Value, Increase Authorized Common Stock and Reverse Stock Split w/Exhibit document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

Title: North Dakota Proposal to Amend Certificate: Reducing Par Value, Increasing Authorized Common Stock, and Reverse Stock Split with Exhibit Introduction: The state of North Dakota offers a proposal to amend the certificate of incorporation of a company, enabling modifications such as reducing par value, increasing authorized common stock, and implementing a reverse stock split. This detailed description outlines the proposed amendments, their significance, and the relevant keywords associated with each type of amendment. 1. Proposal to Reduce Par Value: Par value reduction is a process where a company lowers the nominal value assigned to its shares. This proposal aims to amend the certificate of incorporation to reduce the par value of the company's stock. By implementing this change, companies can enhance their flexibility while maintaining a proportional capital structure. Keywords: North Dakota par value reduction, certificate of incorporation amendment, nominal value adjustment, proportional capital structure, stock value adjustments. 2. Proposal to Increase Authorized Common Stock: Amending the certificate of incorporation to increase authorized common stock allows a company to issue additional shares to shareholders without seeking their consent in advance. This proposal aims to expand the number of authorized common stock shares available for issuance. Keywords: North Dakota authorized common stock increase, certificate of incorporation amendment, additional shares, shareholder consent, stock issuance flexibility. 3. Proposal for Reverse Stock Split: A reverse stock split involves consolidating existing shares, resulting in fewer outstanding shares of higher value. By adjusting the ratio of shares, this proposal aims to decrease the total number of outstanding shares, potentially enhancing the company's stock market appeal. Keywords: North Dakota reverse stock split, share consolidation, outstanding shares adjustment, enhanced stock market appeal, stock price per share increment. 4. Incorporating an Exhibit: Alongside the proposed amendments, an exhibit is an attachment that provides supporting documentation or information related to the amendment proposal. The exhibit may include detailed financial statements, shareholder voting records, or any other relevant documentation that aids in understanding the proposed modifications. Keywords: North Dakota certificate of incorporation exhibit, supporting documentation, financial statements, shareholder voting records, amendment proposal attachments, explanatory material inclusion. Types of North Dakota Proposal to Amend Certificate (Summary): — Par ValuReductionio— - Increase in Authorized Common Stock — Reverse StocSplitli— - Incorporation of an Exhibit Conclusion: North Dakota's proposal to amend a certificate of incorporation presents several options for companies seeking to modify their capital structure or enhance their stock market position. These proposals include reducing the par value, increasing the authorized common stock, and implementing a reverse stock split. Companies should thoroughly assess the implications and benefits associated with each type of amendment before proceeding with the proposed modifications.