Certificate of Incorporation to Increase the
Authorized of Number of share of Common Stock
The Wake North Carolina Proposal to amend the restated certificate of incorporation focuses on the initiative to increase the authorized number of shares of common stock. This proposal seeks to accommodate company growth, expansion, and potential investment opportunities by allowing for a larger pool of shares to be issued to current and future shareholders. By amending the restated certificate of incorporation, Wake North Carolina aims to enhance its capital structure in a manner that aligns with its long-term financial objectives. This proposal emphasizes the importance of having ample shares of common stock available for issuance, which can be utilized for various purposes such as mergers and acquisitions, stock-based incentive programs, and strategic partnerships. Increasing the authorized number of shares of common stock is a proactive step to ensure the company remains competitive and flexible in the ever-evolving market, allowing Wake North Carolina to capitalize on future opportunities. It enables the company to respond swiftly to potential capital influxes, providing the necessary resources for business development and growth initiatives. Additionally, this proposal demonstrates the company's commitment to its shareholders by safeguarding their ownership rights. By expanding the authorized number of shares, Wake North Carolina can maintain a healthy balance between existing shareholders' interests and the ability to attract new investors and partners. Different types of Wake North Carolina proposals to amend the restated certificate of incorporation regarding increasing authorized number of shares of common stock may include: 1. General Increase in Authorized Shares: This type of proposal suggests an overall increase in the total number of authorized shares of common stock, without specifying a specific quantity. The objective is to grant the company flexibility in issuing shares as needed. 2. Specific Quantity Increase: In some cases, Wake North Carolina may present a proposal indicating the exact number of additional authorized shares, providing clarity and transparency to shareholders regarding the magnitude of the increase. 3. Gradual Incremental Increases: This type of proposal suggests a phased approach to raising the authorized shares of common stock. It may stipulate multiple incremental increases over a predetermined period, allowing the company to assess market conditions and demand before issuing a significant number of shares. 4. Shareholder Voting Rights Preservation: In certain proposals, Wake North Carolina may include measures to protect existing shareholders from dilution. These provisions can include preemptive rights, which grant current shareholders the opportunity to purchase additional shares before they are offered to new investors, ensuring their ownership percentage remains intact. Overall, the Wake North Carolina Proposal to amend the restated certificate of incorporation regarding increasing authorized shares of common stock showcases the company's strategic and forward-thinking mindset, aiming to position itself for future growth, while prioritizing the interests of its existing shareholders.
