StockClassAuthorizedSharesAdjustment

Object - Stock Class Authorized Shares Adjustment Transaction#

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Description: Object describing an event to change the number of authoried shares of a stock class.

Data Type: OCF Object - TX_STOCK_CLASS_AUTHORIZED_SHARES_ADJUSTMENT

Composed From:

Properties:

Property	Type	Description	Required
id	`STRING`	Identifier for the object	`REQUIRED`
comments	[`STRING`]	Unstructured text comments related to and stored for the object	-
object_type	Constant: `TX_STOCK_CLASS_AUTHORIZED_SHARES_ADJUSTMENT` Defined in schema/enums/ObjectType	Object type field	`REQUIRED`
date	schema/types/Date	Date on which the transaction occurred	`REQUIRED`
stock_class_id	`STRING`	Identifier of the StockClass object, a subject of this transaction	`REQUIRED`
new_shares_authorized	schema/types/Numeric	The new number of shares authorized for this stock class as of the event of this transaction	`REQUIRED`
board_approval_date	schema/types/Date	Date on which the board approved the change to the stock class	-
stockholder_approval_date	schema/types/Date	This optional field tracks when the stockholders approved the change to the stock class.	-

Source Code: schema/objects/transactions/adjustment/StockClassAuthorizedSharesAdjustment

Examples:

[
  {
    "object_type": "TX_STOCK_CLASS_AUTHORIZED_SHARES_ADJUSTMENT",
    "id": "decrease-authorized-series-a-preferred-after-financing",
    "date": "2022-12-16",
    "stock_class_id": "series-a-preferred-stock",
    "new_shares_authorized": "9365000",
    "board_approval_date": "2022-12-16",
    "comments": [
      "10,000,000 Series A Preferred shares were authorized for issuance and offered for sale, however only 9,365,000 were sold. Board authorized reduction in authorized shares to 9,365,000 shares."
    ]
  }
]