Fractional Stock. No fractional shares of Common Stock shall be issued in the Merger. If the product of the number of shares a MamaMancini’s shareholder holds immediately prior to the Closing would result in the issuance of a fractional share of Merger Sub’s Common Stock, that product will be rounded down to the nearest whole number of shares of Merger Sub’s Common Stock if it is equal to or less than the fraction of one-half (.5) of one share or round up to the nearest whole number of shares of Merger Sub’s Common Stock if it is greater than the fraction of one-half (.5) of one share of Merger Sub’s Common Stock.
Appears in 3 contracts
Samples: Acquisition Agreement and Plan of Merger (MamaMancini's Holdings, Inc.), Acquisition Agreement and Plan of Merger (Mascot Properties, Inc.), Acquisition Agreement and Plan of Merger (Mascot Properties, Inc.)
Fractional Stock. No fractional shares of Common Stock shall be issued in the Merger. If the product of the number of shares a MamaMancini’s Grow Solutions’ shareholder holds immediately prior to the Closing would result in the issuance of a fractional share of Merger Sub’s Common Stock, that product will be rounded down to the nearest whole number of shares of Merger Sub’s Common Stock if it is equal to or less than the fraction of one-half (.5) of one share or round up to the nearest whole number of shares of Merger Sub’s Common Stock if it is greater than the fraction of one-half (.5) of one share of Merger Sub’s Common Stock.
Appears in 2 contracts
Samples: Acquisition Agreement and Plan of Merger, Acquisition Agreement and Plan of Merger (Lighttouch Vein & Laser Inc)
