MicroStrategy Proposal to Split 330 million Common Shares into 10.30 billion Shares

On December 24th, MicroStrategy submitted a special meeting voting proposal to shareholders, planning to significantly expand the size of the share capital. According to the proposal, the number of authorized Class A common shares of the company will be split from 330 million shares to 10.33 billion shares, with a par value of $0.001 per share; at the same time, the number of authorized preference shares will be increased from 5 million shares to 1.005 billion shares.
The proposal, signed by W. Ming Shao, executive vice president, general counsel and secretary, would amend the 2023 Equity Incentive Plan to provide automatic equity awards for new directors and authorize the suspension of special meetings to solicit additional votes if necessary. It would be voted on in Tyson Skona, Va., in 2025.