The filing doesn't guarantee The RealReal will sell the full amount of authorized shares.
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The agreement between the two said that DWR had 7.5 million authorized shares, with 6.6 million outstanding.
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Such filings do not guarantee that the issuer will sell all, or any, of the authorized shares.
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In August 2010, Design Within Reach sought to reduce its total authorized shares from 31.5 million to just 20103,000.
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Proterra has authorized shares to raise $75 million, a new round of funding that would push the electric bus maker's valuation past $1 billion, TechCrunch has learned.
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Authorized shares do not always all convert to issued shares, but this gives us a range that fits in with what we've heard about the $20 billion valuation.
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Based on a share price of $30.72 per share — which VC Experts tells us was the value disclosed in an earlier Fidelity Fund filing related to its Snapchat investment — and assuming all of the authorized shares are issued, the more recent valuation could be as high as $22.7 billion.
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The plant that was opened in Los Angeles in 1946 was used until operations were moved to a new plant in Azusa, California in 1993. The company filed for bankruptcy in 1988, and was acquired by the California CoPackers Corporation and renamed Hansen Natural Company. In 1998, the company moved from Anaheim, California to Corona, California. On January 5, 2012, shareholders agreed to change the name of the company from Hansen's Natural to Monster Beverage Corporation, under the new ticker MNST. Shareholders also approved an increase in the number of authorized shares of common stock to 240,000,000 shares from 120,000,000 shares.
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Although canal labourers were much in demand due to the many projects previously alluded to, still wages were low, fluctuating around two to three shillings per day, an amount barely sufficient for a family's basic needs. The Desjardins Canal Company hired labourers directly for some tasks, for others dealing with contractors who would then recruit the labour force themselves. Attracting capital was a continuing problem for the company. Available records do not indicate that at any time more than 70-80% of the authorized shares were subscribed or that more than £6000 (out of an authorized £10000) was raised in this way.
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The articles of incorporation outline the governance of a corporation along with the corporate bylaws and the corporate statutes in the state where articles of incorporation are filed. The articles of incorporation typically include the name of the corporation, the type of corporate structure (e.g. profit corporation, nonprofit corporation, benefit corporation, professional corporation), the registered agent, the number of authorized shares, the effective date, the duration (perpetual by default), and the names and signatures of the incorporators. The state fee to file articles of incorporation to incorporate a profit corporation range from $50 - $300, and to incorporate a nonprofit corporation range from $0 -$125.
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The number of shares that can be issued is limited to the total authorized shares. Issued shares are those shares which the board of directors and/or shareholders have agreed to allocate. Issued shares are the sum of outstanding shares held by shareholders; and treasury shares are shares which had been issued but have been repurchased by the corporation, and which generally have no voting rights or rights to dividends. The issued shares of a corporation form the equity capital of the corporation, and some corporations are required by law to have a minimum value of equity capital, while others may not need any or just a nominal number.
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