We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of No Trading Clause in Contracts

No Trading. Each of the Seller and the Purchaser acknowledges and agrees that it is aware, and that its Affiliates are aware (and each of their respective Representatives is aware or, upon receipt of any material nonpublic information of the Purchaser, will be advised) of the restrictions imposed by U.S. federal securities laws and the rules and regulations of the SEC and Nasdaq promulgated thereunder or otherwise (the “Federal Securities Laws”) and other applicable foreign and domestic Laws on a Person possessing material nonpublic information about a publicly traded company. Each of the Seller and the Purchaser hereby agrees that, while it is in possession of such material nonpublic information, it shall not purchase or sell any securities of the other (other than to engage in the Merger in accordance with Article I), communicate such information to any third party, take any other action with respect to the other Party in violation of such Laws, or cause or encourage any third party to do any of the foregoing.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Tingo, Inc.), Agreement and Plan of Merger (MICT, Inc.), Agreement and Plan of Merger (MICT, Inc.)

No Trading. Each of the Seller and the Purchaser The Company acknowledges and agrees that it is aware, and that its the Company’s Affiliates are aware (and each of their respective Representatives is are aware or, upon receipt of any material nonpublic information of the Purchaser, will be advised) of the restrictions imposed by U.S. federal securities laws and the rules and regulations of the SEC and Nasdaq (or NYSE, as applicable) promulgated thereunder or otherwise (the “Federal Securities Laws”) and other applicable foreign and domestic Laws on a Person possessing material nonpublic information about a publicly traded company. Each of the Seller and the Purchaser The Company hereby agrees that, while it is in possession of such material nonpublic information, it shall not purchase or sell any securities of the other Purchaser (other than to engage in the Merger in accordance with Article I), communicate such information to any third party, take any other action with respect to the other Party Purchaser in violation of such Laws, or cause or encourage any third party to do any of the foregoing.

Appears in 2 contracts

Samples: Merger Agreement (PowerUp Acquisition Corp.), Merger Agreement (PowerUp Acquisition Corp.)

No Trading. Each of the Seller Company and the Purchaser Sellers acknowledges and agrees that it is aware, and that its their respective Affiliates are aware (and each of their respective Representatives is aware or, upon receipt of any material nonpublic information of the PurchaserBuyer, will be advised) of the restrictions imposed by U.S. federal securities laws and the rules and regulations of the SEC and Nasdaq (or other applicable national exchange) promulgated thereunder or otherwise (the “Federal Securities Laws”) and other applicable foreign and domestic Laws on a Person possessing material nonpublic information about a publicly traded company. Each of the Seller Company and the Purchaser Sellers hereby agrees that, while it is in possession of such material nonpublic information, it shall not purchase or sell any securities of the other Buyer (other than to engage in the Merger in accordance with Article ITransactions contemplated by this Agreement), communicate such information to any third party, take any other action with respect to the other Party Buyer in violation of such Laws, or cause or encourage any third party to do any of the foregoing.

Appears in 1 contract

Samples: Stock Purchase Agreement (Renovaro Biosciences Inc.)

No Trading. Each of the Seller Company, the Sellers and the Purchaser Seller Representative acknowledges and agrees that it is aware, and that its their respective Affiliates are aware (and each of their respective Representatives is aware or, upon receipt of any material nonpublic information of the Purchaser, will be advised) of the restrictions imposed by U.S. federal securities laws and the rules and regulations of the SEC and Nasdaq NYSE (or other applicable National Exchange) promulgated thereunder or otherwise (the “Federal Securities Laws”) and other applicable foreign and domestic Laws on a Person possessing material nonpublic information about a publicly traded company. Each of the Company, the Seller Representative and the Purchaser Sellers hereby agrees that, while it is in possession of such material nonpublic information, it shall not purchase or sell any securities of the other Purchaser (other than to engage in the Merger Share Exchange in accordance with Article I), communicate such information to any third party, take any other action with respect to the other Party Purchaser in violation of such Laws, or cause or encourage any third party to do any of the foregoing.

Appears in 1 contract

Samples: Business Combination Agreement (Apeiron Capital Investment Corp.)