Waste Energy Authorized Share Increase to 1.6B Effective September 29
WAST sits 33% above its 52-week low of $0.001.
Summary
Waste Energy's authorized share count increased from 400 million to 1.6 billion, effective September 29, 2026, after shareholders approved the amendment by written consent.
Key Events · Corporate Governance and Compliance · WAST
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Authorized Shares Increased to 1.6B
The Certificate of Amendment became effective September 29, 2026, increasing authorized common stock from 400 million to 1.6 billion shares at $0.001 par value.
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Shareholder Approval by Written Consent
165,950,837 shares (50.38% of 329,375,544 outstanding) voted in favor, exceeding the 164,687,673-share threshold required for approval.
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Potential Dilution Headroom
With 329.4 million shares outstanding, the company now has headroom to issue up to 1.27 billion additional shares — a potential dilution of approximately 386% if fully utilized.
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Distressed Financial Context
The increase follows Q2 2026 results showing only $26K in cash and a $5 million working capital deficit, suggesting the new shares may be needed for survival financing.
Analysis · WAST · Trade & Services
The authorized share increase from 400 million to 1.6 billion is now effective, giving the company the ability to issue up to 1.27 billion additional shares. Against a backdrop of a going concern warning, $26K in cash, and a $5 million working capital deficit, this expansion is a critical survival tool — but it also creates massive potential dilution for existing holders. The board has previously committed to avoid issuing shares below $0.01, but with the stock trading at $0.0018, that commitment may be difficult to honor if the company needs to raise capital quickly.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WAST was trading at $0.00 on OTC in the Trade & Services sector, with a market capitalization of approximately $592.9K. The 52-week trading range was $0.00 to $0.07. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.