Unissued Shares

What is Unissued Shares?

Authorised shares that the company has not yet allocated to anyone.

Think of it like this…

The remaining shares in the pool that can still be issued in future deals or to new investors.

Why does it matter?

Provides flexibility for future fundraising
Allows employee incentives without changing authorised capital
Signals room for new ownership without diluting immediately

Best practice

Keep a clear record of unissued shares and the board approvals needed to issue them.