Common use of No Fractional Shares and Certificate as to Adjustments Clause in Contracts

No Fractional Shares and Certificate as to Adjustments. No fractional shares shall be issued upon the conversion of any share or shares of the Series B Preferred Stock, and the number of shares of Common Stock to be issued shall be rounded to the nearest whole share. The number of shares issuable upon conversion shall be determined on the basis of the total number of shares of Series B Preferred Stock the holder is at the time converting into Common Stock and the number of shares of Common Stock issuable upon such aggregate conversion.

Appears in 3 contracts

Samples: Merger Agreement (Orion Acquisition Corp Ii), Merger Agreement (Orion Acquisition Corp Ii), Merger Agreement (Selena Pharmeceuticals Inc)

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No Fractional Shares and Certificate as to Adjustments. No fractional shares Common Shares shall be issued upon the conversion of any share or shares of the Series B Preferred Stock, Class A Convertible Securities and the number of shares of Common Stock Shares to be issued shall be rounded down to the nearest whole shareCommon Share. The number of shares Whether or not fractional Common Shares are issuable upon such conversion shall be determined on the basis of the total number of shares of Series B Preferred Stock Class A Convertible Securities the holder Class A Convertible Securities Holder is at the time converting into Common Stock Shares and the number of shares of Common Stock Shares issuable upon such aggregate conversion.

Appears in 3 contracts

Samples: Share Exchange Agreement (Mystic Holdings Inc./Nv), Share Exchange Agreement, Securities Exchange Agreement

No Fractional Shares and Certificate as to Adjustments. No fractional shares Common Shares shall be issued upon the conversion of any share or shares of the Series B Preferred Stock, Class A Common Shares and the number of shares of Common Stock Shares to be issued shall be rounded up to the nearest whole shareCommon Share. The number of shares Whether or not fractional Common Shares are issuable upon such conversion shall be determined on the basis of the total number of shares of Series B Preferred Stock Class A Common Shares the holder Class A Shareholder is at the time converting into Common Stock Shares and the number of shares of Common Stock Shares issuable upon such aggregate conversion.

Appears in 2 contracts

Samples: Business Combination Agreement (TILT Holdings Inc.), Business Combination Agreement (TILT Holdings Inc.)

No Fractional Shares and Certificate as to Adjustments. No fractional shares shall be issued upon the conversion of any share or shares of the Series B E Preferred Stock, and the number of shares of Common Stock to be issued on conversion shall be rounded to the nearest whole share. The number of Whether or not fractional shares are issuable upon such conversion shall be determined on the basis of the total aggregate number of shares of Series B E Preferred Stock the each holder is at the time converting into Common Stock Stock, and the aggregate number of shares of Common Stock issuable to each such holder upon such aggregate conversion.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Imarx Therapeutics Inc), Asset Purchase Agreement (Imarx Therapeutics Inc)

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No Fractional Shares and Certificate as to Adjustments. No fractional shares Common Shares shall be issued upon the conversion of any share or shares of the Series B A Preferred Stock, Shares and the number of shares of Common Stock Shares to be issued shall be rounded up to the nearest whole shareCommon Share. The number of shares Whether or not fractional Common Shares are issuable upon such conversion shall be determined on the basis of the total number of shares of Series B A Preferred Stock Shares the holder Preferred Holder is at the time converting into Common Stock Shares and the number of shares of Common Stock Shares issuable upon such aggregate conversion.

Appears in 1 contract

Samples: Share Exchange Agreement

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