US Legal Forms
Localized Forms
Texas
Tarrant
Proposal to amend certificate of incorporation to effectuate a one...

Tarrant Texas Proposal to amend certificate of incorporation to effectuate a one for ten reverse stock split

Name: Tarrant Texas Proposal to amend certificate of incorporation to effectuate a one for ten reverse stock split
Brand: US Legal Forms
Rating: 4.87 (298 reviews)

Category:

Corporations - Public - Changes Affecting Capital Stock

State:

Multi-State

County:

Tarrant

Control #:

US-CC-3-213B

Format:

Instant download

Description

This sample form, a detailed Proposal to Amend Certificate of Incorporation to Effectuate a One-for-Ten Reverse Stock Split document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

How to Enforce Your Order - Domestic Viole...

View this form

Demurrer to Complaint - General

View this form

How to fill out Tarrant Texas Proposal To Amend Certificate Of Incorporation To Effectuate A One For Ten Reverse Stock Split?

Creating paperwork, like Tarrant Proposal to amend certificate of incorporation to effectuate a one for ten reverse stock split, to manage your legal affairs is a tough and time-consumming process. A lot of situations require an attorney’s participation, which also makes this task expensive. Nevertheless, you can consider your legal issues into your own hands and handle them yourself. US Legal Forms is here to the rescue. Our website features more than 85,000 legal forms crafted for various scenarios and life circumstances. We make sure each document is in adherence with the laws of each state, so you don’t have to be concerned about potential legal issues associated with compliance.

If you're already familiar with our services and have a subscription with US, you know how easy it is to get the Tarrant Proposal to amend certificate of incorporation to effectuate a one for ten reverse stock split form. Simply log in to your account, download the form, and customize it to your requirements. Have you lost your document? No worries. You can get it in the My Forms folder in your account - on desktop or mobile.

The onboarding flow of new users is fairly easy! Here’s what you need to do before downloading Tarrant Proposal to amend certificate of incorporation to effectuate a one for ten reverse stock split:

Ensure that your form is compliant with your state/county since the regulations for writing legal documents may differ from one state another.
Learn more about the form by previewing it or going through a quick description. If the Tarrant Proposal to amend certificate of incorporation to effectuate a one for ten reverse stock split isn’t something you were looking for, then use the header to find another one.
Sign in or create an account to start utilizing our service and download the document.
Everything looks good on your side? Hit the Buy now button and choose the subscription option.
Pick the payment gateway and enter your payment details.
Your template is good to go. You can try and download it.

It’s an easy task to locate and purchase the needed document with US Legal Forms. Thousands of organizations and individuals are already taking advantage of our rich library. Sign up for it now if you want to check what other advantages you can get with US Legal Forms!

Form Rating

4.87

Satisfied(298)

Form popularity

FAQ

For example: For a 1-for-2 reverse stock split, enter 1 in the New Shares field and 2 in the Old Shares field. Open the account you want to use. Click Enter Transactions. In the Enter Transaction list, select Stock Split. Use this dialog to record the split. Click a link below for more information. Transaction date.

Stock splits are generally not taxable, as the cost basis per share is updated to reflect the new stock structure and price so that the total market value is the same. Since you did not make any gains on the stock split, no taxes are owed.

Although the SEC has authority over a broad range of corporate activity, state corporate law and a company's articles of incorporation and by-laws generally govern the company's ability to declare a reverse stock split and whether shareholder approval is required.

What is FINRA's role? FINRA does not approve reverse splits, but it does process reverse stock splits as part of its functions related to company corporate actions in the OTC market. OTC companies must submit notice to FINRA 10 days prior to the record/effective date of the corporate action.

Will the reverse stock split change the par value of the share? Yes, the par value of each share will be increased proportionally to the exchange ratio, i.e. it will be multiplied by 20.

Calculating the effects of a reverse stock split is easy. Simply divide the number of shares you own by the split ratio and multiply the pre-split share price by the same amount.

Generally, the split must be approved by either the board of directors or shareholders, depending on the company's bylaws and state corporate law. Public companies that file with the SEC can notify shareholders about an upcoming reverse stock split with a proxy statement on forms 8-K, 10-Q, or 10-K.

What is required should an issuer choose to do a reverse stock split? Generally, a public company can declare a reverse split if it obtains the approval of its board of directors. Most often shareholder approval is not required.

No journal entry is recorded for a stock split. Instead, the company prepares a memo entry in its journal that indicates the nature of the stock split and indicates the new par value. The balance sheet will reflect the new par value and the new number of shares authorized, issued, and outstanding after the stock split.

A reverse stock split occurs when a publicly traded company divides the number of outstanding shares by a certain amount. This serves to decrease the number of outstanding shares and increase the price per share of those outstanding shares.

More info

The information in this prospectus is not complete and may be changed.

Tarrant Texas Proposal to amend certificate of incorporation to effectuate a one for ten reverse stock split

Description

Related forms

Viewed forms

How to fill out Tarrant Texas Proposal To Amend Certificate Of Incorporation To Effectuate A One For Ten Reverse Stock Split?

Show more info

Form Rating

Form popularity

FAQ

How do you record a reverse stock split?

Is a reverse stock split a taxable event?

Does a reverse stock split require SEC approval?

Does a stock split require finra approval?

Does par value change in a reverse stock split?

How do you account for a reverse stock split?

Who approves a reverse stock split?

Do shareholders have to approve a reverse stock split?

Do you record a journal entry for a stock split?

What happens when a reverse stock split occurs?

More info

Trusted and secure by over 3 million people of the world’s leading companies