Examples of Surge Shares in a sentence
The SURGE Shareholders will be at Closing the registered and beneficial owners of 10,186,323 SURGE Shares.
The Acquisition Shares when delivered to the holders of SURGE Shares pursuant to the Merger shall be validly issued and outstanding as fully paid and non-assessable shares and the Acquisition Shares shall be transferable upon the books of Boundless, in all cases subject to the provisions and restrictions of all applicable securities laws.
All such SURGE Shares, when so converted, shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each holder of a certificate representing any such shares shall cease to have any rights with respect thereto, except the right to receive the Acquisition Shares paid in consideration therefore upon the surrender of such certificate in accordance with this Agreement.
The issued and outstanding share capital of SURGE will on Closing consist of 4,907,728 common shares (being the SURGE Shares), which shares on Closing shall be validly issued and outstanding as fully paid and non-assessable shares.
Each SURGE Share that is issued and outstanding at the Effective Time shall automatically be cancelled and extinguished and converted as outlined in Schedule “S”, without any action on the part of the holder thereof, into the right to receive at the time and in the amounts described in this Agreement an amount of Acquisition Shares equal to the number of Acquisition Shares divided by the number of SURGE Shares outstanding immediately prior to Closing.
Each SURGE Share that is issued and outstanding at the Effective Time shall automatically be cancelled and extinguished and converted as outlined in Schedule "S", without any action on the part of the holder thereof, into the right to receive at the time and in the amounts described in this Agreement an amount of Acquisition Shares equal to the number of Acquisition Shares divided by the number of SURGE Shares outstanding immediately prior to Closing.