MicroStrategy proposes to split 330 million shares of common stock to 10.3 billion shares

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Cointime2024/12/24 15:11

By:Cointime

On December 24th, MicroStrategy submitted a proposal for a special meeting vote to significantly expand the size of its share capital. According to the proposal, the authorized number of Class A common shares will be increased from 330 million shares to 10.33 billion shares with a par value of 0.001 USD per share, while the authorized number of preferred shares will be increased from 5 million shares to 1.005 billion shares.

In addition, the proposal includes revisions to the 2023 equity incentive plan to provide automatic equity awards for new directors and authorize the suspension of the special meeting to solicit additional votes if necessary. The proposal was signed by W. Ming Shao, Executive Vice President, General Counsel and Secretary of the company, and will be voted on in Tyson's Corner, Virginia in 2025.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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