AITX Approves Increase in Authorized Common Shares to 27 Billion From 12 Billion
Bitget2026/11/03 21:15- Artificial Intelligence Technology Solutions’ board adopted resolutions October 20, 2026; CEO Steven Reinharz provided shareholder written consent the same day.
- Authorized Common Stock will increase by 15,000,000,000 shares to 27,000,000,000 shares, providing flexibility for financing, debt conversions and other corporate purposes.
- Reinharz controlled approximately 66.67% of total voting power through Series E Preferred Stock; no further shareholder approval is required.
- The amendment takes effect upon Nevada’s acceptance of the filing, no earlier than 20 calendar days following initial mailing to shareholders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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