You were asked early on. Blank Check Preferred

You were asked early on.

Blank Check Preferred Stock
Under the Nevada Articles, Quantum is not authorized to issue shares of preferred stock.


Under the Delaware Certificate, Quantum is authorized to issue up to [1,000,000] shares of preferred stock. The shares of preferred stock have not been designated into separate series. No shares of preferred stock will be outstanding as of the date of the reincorporation.


The Delaware Certificate will authorize the Board of Directors to define the rights, preferences and privileges of the preferred stock prior to issuance.



Under the Delaware Certificate, the Board of Directors is authorized to issue preferred stock with rights, preferences and privileges determined by the Board of Directors. The Nevada Articles did not grant such authority.

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