A corporation has authorized 275,000 shares of common stock in its formation document which it filed with the secretary of state. existing shareholders own 75,000 shares of the corporation. the corporation intends to issue 100,000 shares of common stock to investors to raise working capital for the corporation. after selling all 100,000 shares to these investors, how many shares will the corporation have reserved for issuance in the future?

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06-06-2024
Business

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A corporation has authorized 275,000 shares of common stock in its formation document which it filed with the secretary of state. existing shareholders own 75,000 shares of the corporation. the corporation intends to issue 100,000 shares of common stock to investors to raise working capital for the corporation. after selling all 100,000 shares to these investors, how many shares will the corporation have reserved for issuance in the future?

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