No Issuance of Fractional Shares. No certificates or scrip representing fractional shares of Parent Common Stock will be issued pursuant to the Merger, and instead any such fractional share that would otherwise be issued will be rounded to the nearest whole share, with a Stockholder’s portion of the Merger Consideration that would result in a fractional share of 0.50 or greater rounding up and a Stockholder’s portion of the Merger Consideration that would result in a fractional share of less than 0.50 rounding down.
Appears in 4 contracts
Samples: Merger Agreement (BCTG Acquisition Corp.), Merger Agreement (Mountain Crest Acquisition Corp II), Merger Agreement (Rodgers Silicon Valley Acquisition Corp)
No Issuance of Fractional Shares. No certificates or scrip representing fractional shares of Parent Common Stock Ordinary Shares will be issued pursuant to the Merger, and instead any such fractional share that would otherwise be issued will be rounded to the nearest whole share, with a StockholderCompany Shareholder’s portion of the Merger Consideration that would result in a fractional share of 0.50 or greater rounding up and a StockholderCompany Shareholder’s portion of the Merger Consideration that would result in a fractional share of less than 0.50 rounding down.
Appears in 1 contract
Samples: Merger Agreement (Technology & Telecommunication Acquisition Corp)
