Effect on Outstanding Shares. (a) Each share of SouthernPlanet common stock outstanding immediately prior to the Effective Date shall be converted into the right to receive thirty thousand, six hundred forty seven and seven hundred thirty seven thousandths (30,647.737) shares of NxGen common stock. (b) Each share of NAC common stock outstanding immediately prior to the Effective Date shall remain outstanding.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (Seedling Technologies Corp), Agreement and Plan of Reorganization (Seedling Technologies Corp)