Effect on Securities. At the Effective Time, by virtue of the Merger and without any action on the part of any Person: (a) Each share of the stock of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into one (1) membership interest of the Surviving Company, so that, after the Effective Time, Parent shall be the holder of all of the issued and outstanding shares of membership interest of the Surviving Company; and (b) The Company Interests shall be converted into the right to receive the Purchase Price, payable pursuant to the terms of this Agreement.
Appears in 4 contracts
Samples: Merger Agreement (Trulieve Cannabis Corp.), Merger Agreement (Trulieve Cannabis Corp.), Merger Agreement (Trulieve Cannabis Corp.)
