Acquisition Common Stock Clause Samples
The Acquisition Common Stock clause defines the terms under which common stock is issued or transferred as part of an acquisition transaction. Typically, this clause outlines the number of shares involved, the rights and restrictions attached to those shares, and the process for their delivery to the acquiring party or shareholders of the target company. For example, it may specify whether the shares are subject to vesting, lock-up periods, or other limitations. The core function of this clause is to ensure clarity and certainty regarding the equity component of the acquisition, thereby reducing the risk of disputes over ownership and rights post-transaction.
Acquisition Common Stock. At the Effective Time, each share of Common Stock, $.01 par value, of Acquisition issued and outstanding immediately prior to the Effective Time is being converted into a right to receive one (1) share of the common stock of the Surviving Corporation, which shall constitute all of the issued and outstanding shares of the Surviving Corporation after the Effective Time.
Acquisition Common Stock. Each share of common stock, no par value, of Acquisition ("Acquisition Common Stock") issued and outstanding immediately prior to the merger shall, by virtue of the merger and without any action on the part of the holder thereof, be automatically converted into and exchangeable for one share of the common stock, no par value, of the Surviving Corporation.
Acquisition Common Stock. 3 Agreement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Amended and Restated Excepted Holder Agreement . . . . . . . . . . . . . . . . 9 Ardenwood Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Acquisition Common Stock. At the Effective Time of Merger, each outstanding share of Acquisition’s common stock shall be cancelled and extinguished without any conversion thereof.
Acquisition Common Stock. Each share of common stock, par value ------------------------ $.01 per share, of Acquisition (the "Acquisition Common Stock") issued and outstanding immediately prior to the Effective Time shall be converted into and become one fully paid and nonassessable share of common stock, par value $.01 per share, of the Surviving Corporation as of the Effective Time. Each share of Class A Common Stock, par value $.01 per share, of Acquisition (the "Acquisition Class A Common Stock") issued and outstanding immediately prior to the Effective Time shall be converted into and become one fully paid and nonassessable share of Class A Common Stock, par value $.01 per share, of the Surviving Corporation.
Acquisition Common Stock. Each share of the common stock of Acquisition, $0.01 par value, issued and outstanding immediately prior to the Effective Time of the Merger shall remain outstanding without increase, decrease or modification.
Acquisition Common Stock. On the Effective Date, the shares of Acquisition Common Stock issued and outstanding immediately prior to the Effective Date shall be converted automatically and without any action on the part of the holder thereof into _____ shares of common stock of the Surviving Bank. The shares of common stock of the Surviving Bank into which such Acquisition Common Stock are converted shall represent ownership of 100% of the issued and outstanding capital stock of the Surviving Bank, all of which shall be owned by Bancshares.
Acquisition Common Stock. The shares of Acquisition Common Stock ------------------------ issued and outstanding immediately prior to the Effective Time shall be converted into a total number of shares of Company Common Stock equal to 8,500,919 shares of common stock of the Surviving Corporation as of the Effective Time.
Acquisition Common Stock. The shares of Acquisition Common Stock issued and outstanding immediately prior to the Effective Time shall, on and after the Effective Time, become the issued and outstanding common stock of the Surviving Corporation.