Status of Merger Sub Shares. At the Effective Time, each issued and outstanding share of common stock of Merger Sub shall continue unchanged and remain outstanding as a share of common stock of the Surviving Corporation.
Status of Merger Sub Shares. The common stock, par value $.001 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into Target Equity Interests of the Surviving Company, which shall be the only Target Equity Interests of the Surviving Company outstanding after the Effective Time, resulting in the Surviving Company being wholly owned by Parent after the Effective Time.
