Do the voting and non-voting common stock for Aunt Millies Bakeries have par value?

According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, both the voting and non-voting common stock have no par value. As of September 30, 2024, the voting common stock had 31,406 shares authorized, while the non-voting common stock had 3,423,254 shares authorized. These figures provide a snapshot of the company's stock authorization as of that date.

The absence of par value for both voting and non-voting common stock means that the stock was issued without a specified minimum value. This is a common practice, as it provides the company with greater flexibility in issuing shares. The authorized share counts indicate the total number of shares that the company is legally allowed to issue.

For a prospective franchisee, this information is relevant in understanding the capital structure of Aunt Millies Bakeries. While it doesn't directly impact the day-to-day operations of a franchise, it offers insight into the financial organization of the company. Understanding the share structure can be useful when evaluating the overall financial health and stability of the franchisor.