Maryland Proposal to Amend Restated Certificate of Incorporation Regarding Increasing Authorized Number of Shares of Common Stock The state of Maryland has proposed a significant amendment to the restated certificate of incorporation regarding the increase in the authorized number of shares of common stock for businesses operating within its jurisdiction. This proposal aims to accommodate the evolving needs of companies and provide them with the flexibility required to meet their growth aspirations. The Maryland Proposal seeks to enhance the existing corporate structure by allowing companies to expand their authorized number of shares of common stock. By increasing this limit, businesses will be able to raise additional capital, attract investment, and facilitate potential mergers or acquisitions. This amendment is particularly crucial for organizations looking to fund expansion projects, develop new products or services, or embark on strategic initiatives. Increased authorized shares of common stock provide companies with the flexibility necessary to respond to market opportunities promptly. It enables them to react swiftly to changing business landscapes, make important business decisions, and further enhance their competitive advantage. This proposal supports a dynamic business environment and promotes sustainable growth within the state of Maryland. Potential benefits of this proposal include enhanced access to capital markets, increased liquidity for shareholders, improved financial stability, and increased attractiveness to potential investors. The ability to issue additional shares expands the toolkit available to businesses for financing, investment, and strategic partnerships. In terms of classification or different types of Maryland proposals to amend the restated certificate of incorporation regarding increasing authorized number of shares of common stock, several specific amendments can be considered: 1. General Increase in Authorized Shares: This type of proposal seeks to increase the overall authorized number of shares without specifying any limitations or exclusions. It provides businesses with maximum flexibility in managing their capital structure. 2. Authorized Shares with Special Rights: In some instances, companies may propose increasing the authorized shares of common stock while also creating a new class or series of shares with special rights or privileges. This allows companies to cater to specific needs, such as offering shares with preferential dividend rights or voting rights, or granting certain shareholders additional control or financial benefits. 3. Restricted Increase in Authorized Shares: This type of proposal focuses on increasing the authorized number of shares but within predefined limits. Such limits may be set by either a fixed number or as a percentage of the existing authorized shares. Restricted increases can be useful when a company wants to strike a balance between flexibility and maintaining control over their capital structure. The Maryland Proposal to amend the restated certificate of incorporation regarding increasing authorized number of shares of common stock aims to support businesses by providing them with the opportunity to optimize their fundraising efforts, improve financial flexibility, and encourage sustained growth for the benefit of both companies and shareholders.