Effect of Exchange. At the Effective Time, all of the issued and outstanding shares of the Bank Common Stock will be exchanged for shares of Company Common Stock at the ratio of one-for-one (1:1) and all of the issued and outstanding Bank Warrants will be exchanged for Company Warrants at the ratio of one-for-one (1:1) and thereupon cancelled.
Appears in 3 contracts
Sources: Agreement and Plan of Exchange, Agreement and Plan of Exchange (Investar Holding Corp), Agreement and Plan of Exchange (Investar Holding Corp)