Common Stock of Merger Sub. Each share of common stock, par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall, at the Effective Time, by virtue of the Merger and without any action on the part of Parent, be converted into one fully paid and nonassessable share of the common stock, par value $0.01 per share, of the Surviving Corporation.
Appears in 2 contracts
Sources: Merger Agreement (McMoran Exploration Co /De/), Merger Agreement (Freeport McMoran Copper & Gold Inc)
Common Stock of Merger Sub. Each share of common stock, par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to Upon the Effective Time shall, at the Effective TimeDate, by virtue of the Merger and without any action on the part of Parentthe holder thereof, be converted into one fully paid and nonassessable each share of the common stockstock of Merger Sub, par value of $0.01 0.001 per share, of issued and outstanding immediately prior to the Surviving CorporationEffective Date shall be cancelled.
Appears in 2 contracts
Sources: Merger Agreement (BTCS Inc.), Merger Agreement (Bitcoin Shop, Inc.)
Common Stock of Merger Sub. Each share of common stock, par value $0.01 per share, of Merger Sub Sub, issued and outstanding immediately prior to the Parent Merger Effective Time shall, at the Effective Time, by virtue of the Merger shall be cancelled and without any action on the part of Parent, be extinguished and converted automatically into one validly issued, fully paid and nonassessable share of the common stock, par value $0.01 per share, of the Surviving Corporation.
Appears in 2 contracts
Sources: Investment and Transaction Agreement (Id Systems Inc), Investment and Transaction Agreement (Pointer Telocation LTD)