FuelCell Energy Increases Common SharesJanuary 03, 2001 by Jeff Shepard
FuelCell Energy Inc. (Danbury, CT) received approval at a special shareholders meeting to increase the number of authorized shares of common stock from 20 million to 150 million. Reasons for the increase are to make additional shares available for future issuances for cash, as share dividends and stock splits, for acquisitions of property or stock of other corporations, upon the exercise of stock options, and for other corporate purposes. The company has made no decision to issue additional shares at this time. Accordingly, the increase in authorized shares will not presently result in any dilution for currently outstanding shares.