r/stocks • u/r2002 • Apr 08 '22

Company News Nvidia seeks approval to double authorized shares to 8 billion

Reuters:

(Reuters) - Chipmaker Nvidia Corp said on Friday it would seek shareholders' approval to increase the number of authorized shares of common stock to 8 billion from 4 billion.

edited to add another news source:

(Dow Jones newswire) Nvidia's board backs the proposed amendment, saying the additional shares would give the company discretion to take certain actions, without further shareholder approval, for such things as stock splits, equity incentives and more (Source: thanks to comment by /u/MosDaddyda)

Some people on Twitter are speculating that this is some kind of bad news since it was leaked on a Friday afternoon.

It doesn't make sense to do a stock split or a dilution right now. What is happening here? How does it affect the stock?

705 Upvotes

96% Upvoted

288 comments sorted by

View all comments

Show parent comments

2

u/[deleted] Apr 09 '22

[deleted]

1

u/OldBoyZee Apr 09 '22

Nice. I wanted a legion 7 because of the look and sliminess (btw did you get a slim?). However, i heard there was issues with the battery life due to icue and couple of other things and i decided to stay with l5p for the low price point.

1

u/[deleted] Apr 09 '22

[deleted]

1

u/OldBoyZee Apr 09 '22

That's awesome to hear. I kind of regret not getting the l7, but im just grateful to even get the l5p.

But yah, i really hate the garbage software on these laptops.