Waste Energy Corp. Approves Authorized Share Increase

What Happened Waste Energy Corp. (WAST) announced that its stockholders approved an amendment to the Articles of Incorporation to increase the number of authorized shares of common stock from 400,000,000 to 1,600,000,000. The record date for written consents was September 18, 2026. Holders of 166,151,087 shares provided written consent in favor, representing approximately 50.44% of the 329,375,544 shares issued and outstanding as of the record date. There were no votes against the proposal and no abstentions. The company intends to file a Certificate of Amendment with the Nevada Secretary of State; the increase becomes effective when that filing is effective under Nevada law. The amendment itself does not issue any new shares or change the number of shares currently outstanding.

Key Details

• Record date: September 18, 2026.
• Shares outstanding on record date: 329,375,544.
• Consents in favor: 166,151,087 shares (≈ 50.44%).
• Authorized shares before/after: 400,000,000 → 1,600,000,000; no immediate issuance of new shares.
• No votes against and no abstentions; company will file Certificate of Amendment with Nevada SOS.

Why It Matters Increasing authorized shares gives the company legal capacity to issue more common stock in the future for purposes such as fundraising, stock-based compensation, or acquisitions. For existing shareholders, the change itself does not dilute ownership because no new shares were issued at the time of the filing; however, it enables potential future issuances that could dilute current holdings. Investors should watch subsequent filings (e.g., any registration statements, issuances, or board actions authorizing new shares) for concrete changes that could affect share count and ownership percentages.