unissued stock

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unissued stock

n. a corporation's shares of stock which are authorized by its articles of incorporation, but have never been issued (sold) to anyone. They differ from "treasury stock," which is stock that was issued and then reacquired by the corporation. (See: stock, corporation, treasury stock)

References in periodicals archive ?
In January, the company's shareholders approved the issuance of up to 1.3 billion common shares from its unissued capital stock.
As a result, PAL will issue a total of 1.65 billion shares from its authorized but unissued capital stock in favor of Cosmic Holdings Corporation and Horizon Global Investments Limited.
Following the confirmation of the SEC, PAL Holdings will issue 123.54 million shares from its authorized but unissued capital stock in favor of PAL shareholders who have participated in the share swap transaction.
In a disclosure to the Philippine Stock Exchange Tuesday, San Miguel said its board of directors had approved an offering of about one billion common shares to be taken out of its unissued capital stock and treasury shares.
LBC will then subscribe to 3.28 million common shares out of the unissued capital stock of the forwarding firm for P44.40 apiece or a for a total of P145.88 million.
During the annual meeting, shareholders of DoubleDragon ratified a plan to issue up to 150 million common shares from the company's authorized but unissued capital stock.
An offer has been sanctioned by Lepanto Consolidated Mining Co to shareholders of 1 share for every 5.5 shares at P0.20 apiece, from the company s unissued capital stock.
The PNB common shares to be issued will be taken from PNB's authorized but unissued capital stock at a price of R70.00 per share and listed with the PSE.