Examples of Domestication Merger in a sentence
The effect of the Domestication Merger was that members/shareholders of VDC Bermuda became shareholders of the Company which then became the publicly traded company.
Upon (i) the effectiveness of the Domestication Merger, (ii) the filing of each of the Pre-Closing Certificate of Incorporation and the Post-Closing Certificate of Incorporation with the Delaware Secretary of State, (iii) the consummation of the Business Combination and (iv) the conversion of the New CCNB Series B-1 Common Shares or New CCNB Series B-2 Common Shares into Conversion Shares, as applicable, the Conversion Shares will be duly authorized, validly issued, fully paid and non-assessable.
Upon (i) the effectiveness of the Domestication Merger and (ii) the filing of the Pre-Closing Certificate of Incorporation with the Delaware Secretary of State, the issued and outstanding CCNB Class A Ordinary Shares will automatically convert by operation of law, on a one-for-one basis, into duly authorized, validly issued, fully paid and non-assessable New CCNB Class A Shares.
Represents shares of Series A-1 Preferred Stock of SharpLink US that will be issued on a 1-for-1 basis in exchange for outstanding Preferred A-1 Shares of SharpLink Israel in connection with the Domestication Merger.
Following the Domestication Merger, Domestication Merger Sub will continue to be a wholly-owned direct subsidiary of New CCNB.
The closing of the Private Placement was completed on August 3, 2021.On July 27, 2021, the Company, Intec Israel, and Domestication Merger Sub completed the Domestication Merger pursuant to the terms of the Domestication Merger Agreement, whereby Domestication Merger Sub merged with and into Intec Israel, with Intec Israel being the surviving entity and a wholly-owned subsidiary of Intec Parent.
As used herein, the “Combined Company” refers to Irish Holdco after the Irish Domestication Merger and the consummation of the Business Combination, as applicable.
SharpLink US Common Stock will be issued on a 1-for-1 basis in exchange for outstanding ordinary shares of SharpLink Israel in connection with the Domestication Merger.
All securities being registered will be issued by Irish Holdco (post-Irish Domestication Merger), as further described in the proxy statement/prospectus.
Shares") (which by virtue of the Domestication Merger are exchangeable for 1,512,500 shares of common stock of the Company); and (y) a stock power duly executed disposing of the VDC Corp.