No Stockholder Rights Prior to Exercise; Tax Considerations. Until a Right is exercised, the holder thereof, as such, will have no rights as a stockholder of the Company, including, without limitation, the right to vote or to receive dividends. While the distribution of the Rights will not be taxable to stockholders or to the Company, stockholders may, depending upon the circumstances, recognize taxable income in the event that the Rights become exercisable for Common Shares (or other consideration) of the Company or for common shares of the acquiring company or in the event of the redemption of the Rights as set forth in Section 6 above.
Appears in 10 contracts
Samples: Rights Agreement (Support.com, Inc.), Rights Agreement (Endeavor Ip, Inc.), Rights Agreement (StealthGas Inc.)
No Stockholder Rights Prior to Exercise; Tax Considerations. Until a Right is exercised, the holder thereof, as such, will have no rights as a stockholder of the Company, including, without limitation, the right to vote or to receive dividends. While the distribution of the Rights will not be taxable to stockholders or to the Company, stockholders may, depending upon the circumstances, recognize taxable income in the event that the Rights become exercisable for Common Shares Stock (or other consideration) of the Company or for common shares of the acquiring company or in the event of the redemption of the Rights as set forth in Section 6 above.
Appears in 9 contracts
Samples: Rights Agreement, Rights Agreement (Newpark Resources Inc), Rights Agreement (Fluor Corp)
No Stockholder Rights Prior to Exercise; Tax Considerations. Until a Right is exercised, the holder thereof, as such, will have no rights as a stockholder of the Company, including, without limitation, the right to vote or to receive dividends. While the distribution of the Rights will should not be taxable to stockholders or to the Company, stockholders may, depending upon the circumstancescircumstances then existing, recognize taxable income in the event that the Rights become exercisable for Common Shares (or other consideration) of the Company or for common shares of the acquiring company or in the event of the redemption of the Rights as set forth in Section 6 above.
Appears in 8 contracts
Samples: Rights Agreement (Tabula Rasa HealthCare, Inc.), Rights Agreement (Inmune Bio, Inc.), Rights Agreement (Inmune Bio, Inc.)
No Stockholder Rights Prior to Exercise; Tax Considerations. Until a Right is exercised, the holder thereof, as such, will have no rights as a stockholder of the Company, including, without limitation, the right to vote or to receive dividends. While the distribution of the Rights will should not be taxable to stockholders or to the Company, stockholders may, depending upon the circumstancescircumstances then existing, recognize taxable income in the event that the Rights become exercisable for Common Shares (or other consideration) of the Company or for common shares of the acquiring company or in the event of the redemption of the Rights as set forth in Section 6 7 above.
Appears in 7 contracts
Samples: Rights Agreement (Turtle Beach Corp), Tax Benefit Preservation Plan (Fitlife Brands, Inc.), Tax Benefit Preservation Plan (Enterprise Diversified, Inc.)
No Stockholder Rights Prior to Exercise; Tax Considerations. Until a Right is exercised, the holder thereof, as such, will have no rights as a stockholder of the Company, including, without limitation, the right to vote or to receive dividends. While the distribution of the Rights will should not be taxable to stockholders or to the Company, stockholders may, depending upon the circumstancescircumstances then existing, recognize taxable income in the event that the Rights become exercisable for Common Shares Stock (or other consideration) of the Company or for common shares stock of the acquiring company or in the event of the redemption of the Rights as set forth in Section 6 above.
Appears in 2 contracts
Samples: Rights Agreement (hopTo Inc.), Rights Agreement (Highpower International, Inc.)
No Stockholder Rights Prior to Exercise; Tax Considerations. Until a Right is exercised, the holder thereof, as such, will have no rights as a stockholder of the Company, including, without limitation, the right to vote or to receive dividends. While the distribution of the Rights will not be taxable to stockholders or to the Company, stockholders may, depending upon the circumstances, recognize taxable income in the event that the Rights become exercisable for Common Shares Stock (or other consideration) of the Company or for common shares of the acquiring company or in the event of the redemption or exchange of the Rights as set forth in Section Sections 6 and 7 above.
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