Closing Merger Consideration. On the Closing Date and simultaneous with the Effective Time of the Merger, the Parent shall issue to the Company Stockholder that number of shares of Parent Common Stock as shall be equal to the result of dividing (x) $2,000,000, by (y) the closing price per share of the Parent’s Common Stock, as traded on the Nasdaq Capital Markets (or other national securities exchange) on the trading day immediately prior to date of execution of this Agreement (the “Closing Merger Consideration”).
Appears in 2 contracts
Sources: Merger Agreement (Ds Healthcare Group, Inc.), Merger Agreement (Ds Healthcare Group, Inc.)
Closing Merger Consideration. On the Closing Date and simultaneous with the Effective Time of the Merger, the Parent shall issue to the Company Stockholder that number an aggregate of six hundred and seventy-seven thousand, nine hundred and sixty six (677,966) shares of Parent Common Stock as which shall be equal to the result of from dividing (x) $2,000,000, by (y) the closing an agreed upon price of $2.95 per share of the Parent’s Common Stock, as traded on the Nasdaq Capital Markets (or other national securities exchange) on the trading day immediately prior to date of execution of this Agreement (the “Closing Merger Consideration”).
Appears in 1 contract
Sources: Agreement and Plan of Merger and Reorganization (Ds Healthcare Group, Inc.)