Effect of the Merger on Common Stock. At the Effective Time, as a result of the Merger and without any action on the part of Parent, Merger Sub, the Target or any Shareholder, the Target Stock issued and outstanding immediately prior to the Effective Time shall be converted into the right to receive the Closing Merger Consideration.
Appears in 3 contracts
Samples: Merger Agreement (Fdctech, Inc.), Merger Agreement (Cruzani, Inc.), Merger Agreement (Ficaar, Inc)
Effect of the Merger on Common Stock. At the Effective Time, as a result of the Merger and without any action on the part of Parent, Merger Sub, the Target or any Shareholder, the Target Common Stock issued and outstanding immediately prior to the Effective Time shall be converted into the right to receive the Closing Merger Consideration.
Appears in 2 contracts
Samples: Merger Agreement (Solar Integrated Roofing Corp.), Merger Agreement (Solar Integrated Roofing Corp.)
