Abits Group Inc Announces Changes of the Authorized Shares and Share Consolidation
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Abits Group Inc (NASDAQ: ABTS) announced changes to its authorized shares, allowing for an unlimited number of ordinary and preferred shares. This change was effective as of February 17, 2025.
March 05, 2025 | 10:15 pm
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Abits Group Inc has amended its articles to allow for an unlimited number of ordinary and preferred shares, effective February 17, 2025.
The change in authorized shares allows Abits Group Inc to issue more shares in the future, which could lead to potential dilution of existing shares. However, the immediate impact on the stock price is neutral as it does not involve any immediate issuance of new shares.
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