TechFlow news, on December 24, according to market information, MicroStrategy has submitted a shareholder voting proposal for a special meeting, planning a significant expansion of its share capital. According to the proposal, the authorized number of Class A common shares will be split and increased from 330 million to 10.33 billion, with a par value of $0.001 per share; meanwhile, the authorized number of preferred shares will increase from 5 million to 1.005 billion.
In addition, the proposal includes amendments to the 2023 Equity Incentive Plan, providing automatic equity awards for newly appointed directors, and authorizing the company to temporarily adjourn the special meeting if necessary to solicit additional votes. The proposal was signed by W. Ming Shao, Executive Vice President, General Counsel, and Secretary of the company, and will be voted on in 2025 in Tysons Corner, Virginia.
MicroStrategy's current stock price is approximately $346. If this share expansion plan is approved, it will significantly enhance stock liquidity and help attract more retail investors to participate.
