SPAC Merger Sub Shares. All of the shares of SPAC Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into the right to receive an equal number of shares of the SPAC Surviving Subsidiary, with the same rights, powers and privileges as the shares so converted and shall constitute the only outstanding shares of the SPAC Surviving Subsidiary.
Appears in 2 contracts
Samples: Business Combination Agreement (Two), Business Combination Agreement (Two)
SPAC Merger Sub Shares. All of the shares of SPAC Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into the right to receive an equal number of shares of the SPAC Surviving Subsidiary, with the same rights, powers and privileges as the shares so converted and shall constitute the only outstanding shares of the SPAC Surviving Subsidiary.
Appears in 1 contract
Samples: Business Combination Agreement (Capitalworks Emerging Markets Acquisition Corp)
SPAC Merger Sub Shares. All of At the shares SPAC Merger Effective Time, each ordinary share of SPAC Merger Sub issued and outstanding immediately prior to the SPAC Merger Effective Time shall be converted into the right to receive an equal number of ordinary shares of the same class of SPAC Surviving Subsidiary, with the same rights, powers and privileges as the shares so converted converted, and such shares shall constitute the only outstanding shares of the SPAC Surviving Subsidiary.
Appears in 1 contract
