No Issuance of Fractional Shares. No certificates or scrip representing fractional shares of Parent Common Stock will be issued pursuant to the Merger, and instead any such fractional share that would otherwise be issued will be rounded to the nearest whole share, with a Stockholder’s portion of the Merger Consideration that would result in a fractional share of 0.50 or greater rounding up and a Stockholder’s portion of the Merger Consideration that would result in a fractional share of less than 0.50 rounding down.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (BCTG Acquisition Corp.), Agreement and Plan of Merger (Mountain Crest Acquisition Corp II), Agreement and Plan of Merger (Rodgers Silicon Valley Acquisition Corp)
No Issuance of Fractional Shares. No certificates or scrip representing fractional shares of Domesticated Parent Common Stock Shares will be issued pursuant to the Merger, and instead any such fractional share that would otherwise be issued will be rounded to the nearest whole share, share (with a Stockholder’s portion of the Merger Consideration that would result in a fractional share of 0.50 or greater rounding up and a Stockholder’s portion of the Merger Consideration that would result in a fractional share of less than 0.50 rounding down0.5 shares rounded up).
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Vickers Vantage Corp. I), Agreement and Plan of Merger (Sorrento Therapeutics, Inc.)
No Issuance of Fractional Shares. No certificates or scrip representing fractional shares of Parent Common Stock Ordinary Shares will be issued pursuant to the Merger, and instead any such fractional share that would otherwise be issued will be rounded to the nearest whole share, with a StockholderCompany Shareholder’s portion of the Merger Consideration that would result in a fractional share of 0.50 or greater rounding up and a StockholderCompany Shareholder’s portion of the Merger Consideration that would result in a fractional share of less than 0.50 rounding down.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Technology & Telecommunication Acquisition Corp)
