According to ChainCatcher news, MicroStrategy has submitted a special meeting voting proposal to shareholders, planning to significantly expand its equity capital. According to the proposal, the authorized number of Class A common stock will be split and increased from 330 million shares to 10.33 billion shares, with a par value of $0.001 per share; simultaneously, the authorized number of preferred shares will increase from 5 million shares to 1.005 billion shares.
In addition, the proposal also includes amending the 2023 equity incentive plan to automatically grant stock awards to newly appointed directors, and to authorize the suspension of special meetings to solicit additional votes if necessary. The proposal is signed by W. Ming Shao, the company's Executive Vice President, General Counsel, and Secretary, and will be voted on in 2025 in Tysons Corner, Virginia.
Currently, MicroStrategy's stock price is approximately $346. If this stock expansion plan is approved, it will significantly enhance stock liquidity, benefiting the attraction of more retail investors.