Company Exchange Ratio definition
Examples of Company Exchange Ratio in a sentence
Until surrendered as contemplated by this Section 2.04(b), each certificate of Cirracor Stock and Company Stock shall be deemed at any time after the Effective Time of the Merger to represent only the right to receive upon such surrender Public Company Stock pursuant to the Cirracor Exchange Ratio or the Company Exchange Ratio, plus certain dividends or other distributions in accordance with Section 2.04(c).
For the avoidance of doubt, all Company Preference Shares (including such Series B Preference Shares) will automatically, and without any further action on the part of any Person, convert into Stockholder Merger Consideration at the same exchange ratio as the Company Exchange Ratio applied to the Company Ordinary Shares in accordance with Section 2.2(g)(i) of the Merger Agreement.
As soon as reasonably practicable after the Effective Time of the Merger, the Exchange Agent shall mail to each holder of record of Cirracor Stock and Company Stock, a letter of transmittal, with instructions for use in surrendering the Cirracor Stock for Public Company Stock pursuant to the Cirracor Exchange Ratio and surrendering the Company Stock for Public Company Stock pursuant to the Company Exchange Ratio.
The Exchange Ratio with respect to the Company Stock is set forth in Section 2.01(b) and is referred to as the Company Exchange Ratio.
The right to each Company Common Share held by Swapping Shareholders shall be converted into and shall for all purposes represent only the right to receive a number of validly issued, fully paid and non-assessable New PubCo Ordinary Shares equal to the Company Exchange Ratio.