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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549FORM 10K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended June
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Common stock no par refers to shares of stock that do not have a specified par value. This means that the shares can be issued at any price determined by the board of directors, rather than being limited to a minimum price set by the par value.
Companies that issue common stock no par are required to file documentation with relevant regulatory bodies, such as the Securities and Exchange Commission (SEC) in the United States, to report the issuance of these shares.
To fill out common stock no par, a company must complete the appropriate forms provided by regulatory agencies, indicating details such as the number of shares issued, the issuance price, and any other regulatory requirements specific to the jurisdiction.
The purpose of common stock no par is to provide flexibility in share pricing for the issuing company and to eliminate the constraints related to a set par value, allowing companies to issue shares at varying prices based on market conditions.
Information that must be reported on common stock no par includes the total number of shares issued, the issuance price, any changes to the capital structure, and other relevant details required by financial regulations.
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