Planet Green (NYSE: PLAG) lifts authorized stock to 1.6B shares, adds 100M preferred
Rhea-AI Filing Summary
Planet Green Holdings Corp. reported that on September 9, 2025 it amended its Articles of Incorporation in Nevada to significantly expand its authorized capital stock. The amendment increases the total number of shares the company may issue to 1,600,000,000, consisting of 1,500,000,000 shares of common stock with a par value of $0.001 per share and 100,000,000 shares of preferred stock with a par value of $0.001 per share.
The preferred stock may be issued from time to time with specific rights, preferences and priorities to be designated by the Board of Directors, giving the board broad flexibility to create new series of preferred shares as needed in the future.
Positive
- None.
Negative
- Substantial increase in authorized shares creates dilution overhang: Raising total authorized capital to 1,600,000,000 shares, including 1,500,000,000 common shares, gives the company broad capacity to issue additional equity in the future, which could materially dilute existing shareholders if large issuances occur.
Insights
Planet Green expanded its authorized share capital to 1.6B, adding flexibility but increasing potential dilution and control tools.
The company has increased its authorized capital to
The board is empowered to set the rights, preferences and priorities of any preferred stock series. This kind of "blank check" preferred stock can be used for financing, strategic deals, or defensive measures, depending on future decisions. The actual impact on existing shareholders will depend on if, when, and how the company chooses to issue any portion of this newly authorized stock in later transactions disclosed in subsequent filings.