Cancelled Shares. Each Common Share that is held in treasury by the Company immediately prior to the Effective Time (the “Cancelled Shares”) shall, by virtue of the Merger and without any action on the part of the holder thereof, be cancelled and shall cease to exist, and no consideration shall be delivered in exchange for such cancellation.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Adgero Biopharmaceuticals Holdings, Inc.), Agreement and Plan of Merger (Adgero Biopharmaceuticals Holdings, Inc.)
Cancelled Shares. Each Common Share that is held in treasury by the Company immediately prior to the Effective Time (the “Cancelled Shares”) shall, by virtue of the Merger and without any action on the part of the holder thereof, be cancelled and shall cease to exist, and no consideration shall be delivered in exchange for such cancellation.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Corbus Pharmaceuticals Holdings, Inc.), Agreement and Plan of Merger (Matinas BioPharma Holdings, Inc.)
Cancelled Shares. Each Common Share that is share of Company Stock held in treasury by the Company immediately prior to the Effective Time (the “Cancelled Shares”) shall, by virtue of the Merger and without any action on the part of the holder thereofCompany, be cancelled and shall cease to exist, and no consideration shall be delivered in exchange for such cancellation.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Auris Medical Holding Ltd.)
Cancelled Shares. Each Common Share that is held in treasury by the Company immediately prior to the Effective Time (the “Cancelled Shares”) shall, by virtue of the Merger and without any action on the part of the holder thereofCompany, be cancelled and shall cease to exist, and no consideration shall be delivered in exchange for such cancellation.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Cornerstone Therapeutics Inc)
