Common use of Ads Clause in Contracts

Ads. If the Company is later acquired in a merger or similar transaction after the Distribution Record Date, each holder of a Right except the Acquiring Person or any Associate or Affiliate thereof may, for a purchase price of $0.01 per ADS, purchase, in lieu of ADSs representing Ordinary Shares, one (1) times the number of securities of the acquiring corporation, that each shareholder of the Company is entitled to for each Ordinary Shares.

Appears in 2 contracts

Sources: Rights Agreement (Nano Dimension Ltd.), Rights Agreement (Nano Dimension Ltd.)