CoinVoice has recently learned that MicroStrategy submitted a proposal for a special meeting vote to shareholders, planning to significantly expand its capital stock. According to the proposal, the authorized amount of Class A common stock will increase from 330 million shares to 10.33 billion shares, with a par value of $0.001 per share; at the same time, the authorized amount of preferred stock will increase from 5 million shares to 1.005 billion shares.
In addition, the proposal also includes amendments to the 2023 equity incentive plan to provide automatic equity awards for new directors and authorize the suspension of special meetings if necessary to gather additional votes. The proposal was signed by the company's executive vice president, general counsel, and secretary W. Ming Shao, and will be voted on in 2025 in Tysons Corner, Virginia.
Currently, MicroStrategy's stock price is around $346. If this expansion plan is approved, it will significantly enhance stock liquidity and attract more retail investors to participate. [Original link]