On December 27, 2023, Datchat Filed A Certificate Of Change In Nevada To Increase Its Authorized Common Stock From 18M To 180M Shares
Portfolio Pulse from Charles Gross
Datchat, Inc. filed a certificate of change in Nevada to increase its authorized common stock from 18 million to 180 million shares on December 27, 2023.
December 28, 2023 | 9:33 pm
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Datchat, Inc.'s decision to increase its authorized common stock from 18 million to 180 million shares could lead to potential dilution of existing shareholders' equity.
The increase in authorized common stock typically suggests that a company may be planning to issue more shares in the future, which can lead to dilution of existing shareholders' stakes. This can negatively impact the stock price in the short term as investors may anticipate a decrease in their share of ownership and earnings per share.
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