On September 15, 2023, Michael Schiffer, Gabriel Steele, and Yair Even-Tal published “Delaware Corporate Law Overhaul Delivers on Flexibility for Companies” in Law360. The following is an excerpt:
Important amendments to the Delaware General Corporation Law went into effect Aug. 1. The revisions provide needed flexibility to public companies seeking to manage their equity capitalization structure through stock splits or by increasing the number of shares authorized for issuance under the certificate of incorporation.
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