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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.
Absolutely! Shareholders have the final say; they’ll get to weigh in on whether they think these changes will lead us down the right path.
Sometimes change is in the air; these adjustments are aimed at strengthening our financial standing and better positioning us for future opportunities.
Current shareholders will see a shift in how many shares they own, but the overall value of their investment should ideally stay the same or even grow.
A reverse stock split is like consolidating your change; with fewer shares out there, each share becomes more valuable.
Increasing authorized common stock is our way of saying we want to have more options available in the investor's toolbox for future growth.
Reducing the par value is like trimming the fat; it helps make the stock more attractive and accessible for investors.
Amending the certificate is like giving a face-lift to the company’s official papers, making sure they fit our current needs better.
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Memphis Tennessee Proposal to amend certificate to reduce par value, increase authorized common stock and reverse stock split with Exhibit