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Nevada Proposal for the Stock Split and Increase in the Authorized Number of Shares

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This sample form, a detailed Proposal for the Stock Split and Increase in the Authorized Number of Shares document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

Nevada Proposal for the Stock Split and Increase in the Authorized Number of Shares is a corporate action plan that outlines a company's intention to divide its existing shares into multiple shares while simultaneously increasing the total number of shares that the company is authorized to issue. This proposal aims to attract more investors, boost liquidity, and potentially increase shareholder value by making the stock more affordable and accessible in the market. There are different types of Nevada Proposal for the Stock Split and Increase in the Authorized Number of Shares, which include: 1. Reverse Stock Split and Increase in Authorized Shares: This type of proposal aims to decrease the number of outstanding shares and increase the authorized shares, typically chosen when a company's stock price has declined, and the management wants to maintain compliance with stock exchange regulations or per-share value. 2. Forward Stock Split and Increase in Authorized Shares: This type of proposal intends to increase the number of outstanding shares by reducing the stock price, usually implemented when a company's stock price has significantly increased, and the management wants to make the shares more affordable to a broader range of investors. 3. Two-for-One Stock Split and Authorized Shares Increase: In a two-for-one stock split, each existing share gets divided into two new shares, effectively doubling the number of outstanding shares. The authorized shares are increased concurrently. This type of proposal is a popular choice among companies looking to make their stock more accessible and increase liquidity while maintaining a fair market value for each share. 4. Three-for-One Stock Split and Authorized Shares Increase: Similar to a two-for-one split, a three-for-one stock split triples the number of outstanding shares and results in a corresponding increase in authorized shares. This type of proposal is commonly utilized by companies experiencing significant growth and aiming to make their stock more affordable and attractive to a broader range of investors. In conclusion, a Nevada Proposal for the Stock Split and Increase in the Authorized Number of Shares is a strategic decision taken by a company to improve marketability, increase shareholder participation, and potentially enhance overall shareholder value. Different variations of stock splits and authorized share increases can be chosen based on the company's specific circumstances and objectives.

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Stockholders should note that certain disadvantages may result from the Reverse Stock Split. 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.

Selling before a reverse stock split is a good idea, but selling after the reverse stock split is not. Since you can sell before and after a reverse stock split, selling during one is optional. The main advantage of selling before the reverse stock split is that you don't have to wait around for it to happen.

Reverse stock split The holder of an option contract will have the same number of contracts with an increase in strike price based on the reverse split value. The option contract will now represent a reduced number of shares based on the reverse stock split value.

When a company completes a reverse stock split, each outstanding share of the company is converted into a fraction of a share. For example, if a company declares a one for ten reverse stock split, every ten shares that you own will be converted into a single share.

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.

Reverse stock splits work the same way as regular stock splits but in reverse. A reverse split takes multiple shares from investors and replaces them with fewer shares. The new share price is proportionally higher, leaving the total market value of the company unchanged.

Let's assume that you currently own 100 shares in a company with a share price of $100. If the company declares a two-for-one stock split, you would now own 200 shares at $50 per share post-split.

Chapter 78 Private Corporations. NRS 78.315 Directors' meetings: Quorum; consent for actions taken without meeting; participation by telephone or similar method. NRS 78.315 Directors' meetings: Quorum; consent for actions taken without meeting; participation by telephone or similar method.

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Proposal 5. The Company's stockholders voted to approve an amendment to the Plan to increase the number of shares of common stock authorized for issuance under ... The change in authorized shares as a result of the Authorized Capital Increase will not affect the number of shares of common stock held by any stockholder.... Increase and Reverse Stock Split, as required under the Nevada Revised Statutes ... increase in the number of authorized shares of Common Stock of the Company to. (Commission File Number), (I.R.S. Employer Identification No.) 303 Pearl Parkway ... increase the authorized shares of Common Stock from 3,333,333 to 500,000,000. NRS 78.209 Change in number of authorized shares of class or series: Filing and effectiveness of certificate of change; amendment of articles of incorporation. Proposal 1 – Increase in the Number of Shares of Authorized Common Stock ... Stockholders approved the board of directors to effect a Reverse Stock Split of the ... Oct 19, 2023 — It has 1,000 shares outstanding. 600 shares vote on the reverse stock split proposal. If the Increase in the Authorized Shares Amendment proposal and the Reverse Stock Split proposal are approved, the outstanding share of Series B Preferred Stock ... To Our Shareholders: We are soliciting your consent to approve a Reverse Stock Split of the Company's common stock at a ratio of 1 for 150 (the “Proposal”). On ... Mar 26, 2018 — Reverse Stock Split, we will still have a sufficient number of authorized shares of both common stock and preferred stock that will afford ...

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Nevada Proposal for the Stock Split and Increase in the Authorized Number of Shares