Red Corporation stock currently sells for $60 per share. There are 2 million shares currently outstanding. The company announces plans to raise $10 million by offering shares to the public at a price of $60 per share.

If the underwriting spread is 10 %, how many shares will the company need to issue in order to be left with net proceeds of $10 million?

Enter your answer as a whole number not in millions. ( For example, 1,000,000 not 1 million.)