The plan is to issue 1.6 million shares, at $15 to $17 a share.
The company has authority to issue only 350 million new shares.
It will also issue 112 million shares of common stock.
Many other Internet companies waiting to issue shares are neither.
To get the necessary funds, it needed to issue new shares.
The case concerned the power of the directors to issue new shares.
As part of the offer, Harmony would issue 627 million new shares.
Sometimes owners had to promise not to issue new shares for two more years.
The company said it would issue new shares in exchange for the investment.
The company said it expected to issue 838 million shares valued at $14 to $24 each.
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