Fractional Rights. The Rights Agent will not issue fractional shares in connection with an exchange or transfer of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of the Delaware General Corporations Law. As a result, you must hold rights in multiples of 10 in order to receive shares for all of your rights upon closing of a business combination.
Appears in 6 contracts
Samples: Rights Agreement (Monterey Capital Acquisition Corp), Rights Agreement (RF Acquisition Corp.), Rights Agreement (RF Acquisition Corp.)
