Common use of Shell Status Clause in Contracts

Shell Status. As of the date of this Agreement and the applicable Closing Date, the Company is not a “shell company” (as defined in Rule 405 of the Securities Act).

Appears in 3 contracts

Samples: Securities Purchase Agreement (Titan Environmental Solutions Inc.), Securities Purchase Agreement (Titan Environmental Solutions Inc.), Securities Purchase Agreement (SmartKem, Inc.)

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Shell Status. As of the date of this Agreement and the applicable Closing Date, the Company is not a “shell company” nor a “former shell company” (as defined in Rule 405 of the Securities Act).

Appears in 3 contracts

Samples: Securities Purchase Agreement (PishPosh, Inc.), Securities Purchase Agreement (Bridgeline Digital, Inc.), Securities Purchase Agreement (Bridgeline Digital, Inc.)

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Shell Status. As of the date of this Agreement and the applicable Closing Date, the Company is not a “shell company” nor a “former shell company” (as defined in Rule 405 of the Securities Act). (yy) Survival. The foregoing representations and warranties shall survive the Closing.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Glimpse Group, Inc.), Securities Purchase Agreement (Mechanical Technology Inc)

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