Lobo Technologies Expands Share Authorization to 100 Million
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Lobo Technologies Ltd. announced an increase in authorized shares to 100 million, including 90 million class A and 10 million class B shares, each with a par value of $0.001. The board approved amendments to the company's memorandum and articles of association. This decision may impact operational flexibility and shareholder structure. Analysts rate LOBO stock as Hold with a $0.74 price target, noting challenges in profitability and liquidity despite potential upward movement.
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