How do shareholders benefit if the amendment to our charter to increase the number of authorized shares is approved?
By approving the proposed amendment to increase the number of authorized shares of capital stock, Thornburg Mortgage can meet one of the conditions of the financing transaction led by MatlinPatterson so that there will be an opportunity to rebuild shareholder value. We will still need to successfully complete the tender offer for our preferred stock described in the proxy materials and issue additional warrants to certain investors in the financing transaction in order to fully meet the conditions of the financing transaction. If the proposed amendment to increase the number of authorized shares is approved, we successfully complete the tender offer for our preferred stock and issue additional warrants to certain investors in the financing transaction, then our ability to resume normalized business operations will be improved.
Related Questions
- What happens if shareholders VOTE AGAINST and do not approve the amendment to our charter to increase the number of authorized shares of capital stock?
- How do shareholders benefit if the amendment to our charter to increase the number of authorized shares is approved?
- How to increase the authorized shares of stock?
