Acquirer Stock definition

Acquirer Stock means the 18,998,211 (post-reverse stock split on a basis of one (1) new share for each five (5) old shares, which is to be completed prior to Closing) shares of common stock of the Acquirer to be issued and delivered to the Vendors on a pro rata basis as the Consideration for the Company Stock;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Acquirer Stock has the meaning set forth within the definition of Qualified Sale of the Corporation.

Acquirer Stock means shares of Common Stock of the Acquirer, par value of US$ 0.001 each per share, which, for the purposes of calculation of the Consideration and the Closing Payment, each having an agreed upon, fixed value of US$ 2.00.

Examples of Acquirer Stock in a sentence

Promptly following the Effective Time, Acquirer shall issue stock certificates representing the Acquirer Stock to the holders of the Interests that were converted by virtue of the Merger.
In lieu of any fractional shares of Acquirer Common Stock to which any Converting Holder would otherwise be entitled (after aggregating, for each particular stock certificate representing Company Capital Stock, all fractional shares of Acquirer Common Stock to be received by such holder), such Converting Holder shall receive from Acquirer an amount in cash (rounded to the nearest whole cent) equal to the product of (i) such fraction and (ii) the Acquirer Stock Price.
In lieu of any such fractional securities, the Vendors will be entitled to have any such fraction of one–half or more rounded up to the nearest whole number and any such fraction of less than one-half rounded down to the nearest whole number of applicable Acquirer Stock and will receive from the Acquirer a certificate representing same.
The Vendors acknowledge and agree that the Acquirer Stock is being issued pursuant to an exemption from the registration requirements of the Securities Act.
The parties believe that the value of the Acquirer Stock to be received in the Merger is equal, in each instance, to the value of the Target Stock to be surrendered in exchange therefor.

More Definitions of Acquirer Stock

Acquirer Stock means the 12,000,000 shares of common stock of the Acquirer to be issued and delivered to the Vendors on a pro rata basis as the Consideration for the Company Stock;

Acquirer Stock means the publicly traded common stock of Acquirer, par value of $0.001 per share.

Acquirer Stock means shares of Acquirer’s common stock, par value $0.001 per share. “Acquirer Stock Plans” means 2020 Incentive Award Plan.

Acquirer Stock means, as defined in the Acquirer Restated Charter, the Acquisition Stock of Acquirer.

Acquirer Stock means shares of Class A common stock, par value $0.0001 per share, of Acquirer.

Acquirer Stock means the Acquirer Common Stock and the Acquirer Preferred Stock.

Acquirer Stock means the 24,000,000 shares of common stock of the Acquirer to be issued and delivered to the Vendors on a pro rata basis in Consideration for the Company Stock, representing 53.4% of the total issued and outstanding shares of common stock of the Acquirer post-Closing and subsequent to the concurrent cancellation of 24,000,000 shares by the Acquirer’s current officer and director;