---
title: "Norris Industries Simplifies Capital Structure Via Preferred Share Cancellation"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278376593.md"
description: "Norris Industries, Inc. has announced the cancellation of 1,000,000 preferred shares held by Patrick Norris and affiliates, simplifying its capital structure. This decision, approved by the Board of Directors, will restore these shares to the pool of authorized but unissued stock, potentially impacting the balance among existing equity holders. The company's current market cap is $15.07 million, with an average trading volume of 3,281 shares."
datetime: "2026-03-09T10:49:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278376593.md)
  - [en](https://longbridge.com/en/news/278376593.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278376593.md)
---

# Norris Industries Simplifies Capital Structure Via Preferred Share Cancellation

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Norris Industries ( (NRIS) ) has provided an announcement.

Norris Industries, Inc. operates as a corporate entity with a capital structure that includes authorized preferred stock, indicating flexibility in how it raises and manages equity financing. The company’s governance framework relies on its Board of Directors to approve significant changes to this capital structure.

On February 27, 2026, the Board of Directors accepted a contribution to capital consisting of all 1,000,000 currently issued and outstanding preferred shares held by Patrick Norris and his affiliates. These preferred shares will be cancelled and restored to the pool of authorized but unissued stock, simplifying the capital structure and potentially altering the balance between existing equity holders.

**More about Norris Industries**

**Average Trading Volume:** 3,281

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $15.07M

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