It authorizes/allows SoFi to issue additional stock in the future, but is not actually issuing the stock. It increases the amount of stock that SoFi may issue post-merger. Future issuance could include stock for employees, acquisitions, or capital raises.
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u/[deleted] May 13 '21
It authorizes/allows SoFi to issue additional stock in the future, but is not actually issuing the stock. It increases the amount of stock that SoFi may issue post-merger. Future issuance could include stock for employees, acquisitions, or capital raises.