Stockholders of Lodestar Investment Holdings Corp. have approved key amendments to the company’s Articles of Incorporation, signaling a strategic shift into digital investments and a significant capital expansion.
During a recent meeting, shareholders gave the green light for Lodestar to invest and deal in digital assets. However, the company clarified that it will not operate as a crypto asset service provider or virtual asset service provider, in accordance with relevant laws and regulations.
The move marks Lodestar’s intent to tap into emerging digital markets while remaining compliant with regulatory restrictions.
In addition, stockholders approved a substantial increase in the company’s authorized capital stock—from P300 million, divided into 3 billion shares at P0.10 par value per share, to P3 billion, divided into 30 billion shares with the same par value. The capital hike aims to provide Lodestar with greater financial flexibility for future investments and corporate initiatives.
The company is expected to file the necessary documents with the Securities and Exchange Commission to formalize the changes. These developments reflect the efforts of Lodestar to reposition itself for long-term growth in evolving financial markets.
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