Common Stock of Merger Sub. Upon the Effective Date, by virtue of the Merger and without any action on the part of the holder thereof, each share of common stock of Merger Sub, par value of $0.001 per share, issued and outstanding immediately prior to the Effective Date shall be cancelled.
Appears in 2 contracts
Samples: Merger Agreement (BTCS Inc.), Merger Agreement (Bitcoin Shop, Inc.)
Common Stock of Merger Sub. Upon the Effective Date, by virtue of the Merger and without any action on the part of the holder thereof, each Each share of common stock stock, par value $0.01 per share, of Merger Sub, par value of $0.001 per share, issued and outstanding immediately prior to the Parent Merger Effective Date Time shall be cancelledcancelled and extinguished and converted automatically into one validly issued, fully paid and nonassessable share of common stock, par value $0.01 per share, of the Surviving Corporation.
Appears in 2 contracts
Samples: Investment and Transaction Agreement (Id Systems Inc), Investment and Transaction Agreement (Pointer Telocation LTD)