other material
confidence high
sentiment neutral
materiality 0.50
New Momentum increases authorized common shares from 500M to 1B effective July 6, 2022
New Momentum Corp.
- Increased authorized common shares from 500M to 1B, effective July 6, after stockholder mailing on June 16, 2022.
- As of filing, 176,168,548 shares outstanding; up to 823,831,452 additional shares may be issued without further vote.
- Board cited financial flexibility; potential dilution and anti-takeover effects noted in filing.
- Amendment filed with Nevada Secretary of State on June 1, 2022.