Step 1: You will first need to log into your Eqvista account and then click on the company profile that you want to view the authorized shares overview from. Once you are done with this, you will reach the main dashboard of the company profile.
Step 2: Click on “Company” on the left-hand side of the dashboard and a drop-down menu will appear. From this menu, click on “Profile”. By clicking on this, you will be directed to the next page that shows all the details of the company. On this page, you would be able to see a section that shows the authorized shares overview of the company as below.
As shown above, the second panel under the company’s details is the authorized shares overview of the company. Here, you will be able to see the date on which the shares were issued to the company, how many shares were issued, the price per share, and the committed capital.
You can also edit the number of shares in the company with the button “Authorize More Shares”. You can see this button on the right side of the selected area in the above image.
Note: If the state/country allows total number of company shares to be unlimited. We suggest to keep 10,000,000 shares as we calculate the threshold for authorized share and prevent from over issuing shares.
Step 3: Let us say that you want to increase the shares of your company as your company has been authorized with more shares. In this case, click on the button “Authorize More Shares”. A pop-up box will appear as shown below.
In this box, you would get the default values as shown above. All you need to do is add in the number of additional shares that your company has received. Also, you would have to add the updated value of the shares. Once you are done, click on “Save”.
All the details would be saved. And you would be directed back to the page where you can easily see the authorized share overview.
Note: If you want to see a more detailed summary of the authorized shares and how they are distributed, you can follow the next steps.
Step 4: Get back on the main dashboard by clicking on “Dashboard” on the left-hand side panel of the screen. From here, there are two ways through which you can view the authorized shares overview as below.
When you are on the main dashboard, you will see a small summary of the “shares usage” on the top right-hand side of the dashboard. In this box where you can see the summary, there is an option that says “Summary Overview →”. Click on this as shown below.
The second method is by selecting the option “Cap Table” on the left-hand side of the dashboard as shown below. A drop-down box will appear. From here, select the option “Summary”.
Step 5: By following any of the above two methods, you would be directed to the following page.
Here, you will be able to see all the details of the share classes that have been created using the authorized shares and how many of them have been issued.
If you want to see a much more detailed overview of who has been issued what kind of share and how many, click on the option “View Detail Overview →” as marked in red above.
Step 6: As soon as you do this, you will be directed to the next page as shown below.
Here, you will not just see the number of shares issued and to whom it has been issued, you will also be able to see the capital these people added into the company in return for the shares. Other than this, you will be able to see all the equity classes and other securities that have been issued along with their ownership percentage in the share class.
If you want to know more or understand any other process, check out the other support articles here or contact us!