Flooid definition
Examples of Flooid in a sentence
At and as of the Effective Time, Six (6) Quantum Shares shall be converted into the right to receive one share of Flooid stock.
The Merger shall become effective at the time Flooid and Quantum file the Certificate of Merger with the Secretary of State of the State of Nevada.
The Surviving Corporation may, at any time after the Effective Time, take any action in the name and on behalf of either Flooid or Quantum in order to carry out and effectuate the transactions contemplated by this Agreement.
All of Flooid Shares to be issued in the Merger have been duly authorized and, upon consummation of the Merger, will be validly issued, fully paid, and non assessable.
Flooid represents and warrants to Quantum that the statements contained in this Section 4 are correct and complete as of the date of this Agreement and will be correct and complete as of the Closing Date, except as set forth in the Disclosure Schedule.
The entire authorized capital stock of Flooid consists of 300,000,000 Flooid Shares, of which 2,020,871 Flooid Shares are issued and outstanding.
Each Flooid Share issued and outstanding at and as of the Effective Time will remain issued and outstanding.
Flooid may waive any condition specified in this Section 6(a) if it executes a writing so stating at or prior to the Closing.
Quantum shall notify Flooid immediately if any Person makes any proposal, offer, inquiry, or contact with respect to any of the foregoing.
Common stock: the holders of Quantum common stock shall be entitled to receive one (1) shares of Flooid common stock for each six (6) shares of Quantum common stock they hold.