Common use of Merger Sub Shares Clause in Contracts

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any Party, the SPAC Shareholders or Holdings, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable share of common stock of the Surviving Company.

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any Party, the SPAC Shareholders or Holdingsholder thereof, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid an issued and non-assessable outstanding share of common stock of the Surviving Companysurviving corporation in the Merger.

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any Party, Party or the SPAC Shareholders or Holdingsholders of Merger Sub Shares, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become exchanged for one (1) validly issued, fully paid and non-assessable Class A ordinary share, par value $0.0001 per share, of the Surviving Company, which shall constitute the only issued and outstanding share of common stock capital of the Surviving Company.

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any Party, Party or the SPAC Shareholders or HoldingsShareholders, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable share of common stock of the Surviving Company.

Merger Sub Shares. At As of the Merger Effective Time, by virtue each share of capital stock of Merger Sub issued and outstanding immediately prior to the Merger and Effective Time shall, without any action on the part of any PartyMerger Sub, the SPAC Shareholders or Holdings, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable share of common the corresponding class of capital stock of the Surviving CompanyCorporation.

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any Party, the SPAC Purchaser Shareholders or Holdingsthe Holdings Nominee, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into continue existing and become one validly issued, fully paid held by Holdings and non-assessable share of common stock constitute the only issued and outstanding shares in the capital of the Surviving Company.

Merger Sub Shares. At the Second Merger Effective Time, by virtue of the Second Merger and without any action on the part of any Party, Party or the SPAC Shareholders holders of securities of the Company or HoldingsMerger Sub, each Merger Sub Share that is issued and outstanding immediately prior to the Second Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable ordinary share of common stock of the Second Surviving Company.

Merger Sub Shares. At Each share of common stock of the Merger Sub issued and outstanding immediately prior to the Effective TimeTime shall, by virtue of the Merger and without any action on the part of any Partythe holder thereof, be converted at the SPAC Shareholders or Holdings, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid and non-assessable nonassessable share of common stock of the Surviving CompanyCorporation.

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any PartyParty or any other Person, each share of capital stock of Merger Sub (collectively, the SPAC Shareholders or Holdings, each “Merger Sub Share that is Shares”) issued and outstanding as of immediately prior to the Merger Effective Time shall be automatically canceled and extinguished and converted into and become one validly issued, fully paid and non-assessable share (in exchange for the cancellation of common the capital stock of Merger Sub and the funding of the SPAC Share Consideration) into one (1) newly issued Surviving CompanySPAC Share.

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any PartyParty or any other Person, each share of capital stock of Merger Sub (collectively, the SPAC Shareholders or Holdings, each “Merger Sub Share that is Shares”) issued and outstanding as of immediately prior to the Merger Effective Time shall be automatically cancelled and extinguished and converted into and become one validly issued, fully paid and non-assessable share (in exchange for the cancellation of common the capital stock of Merger Sub and the funding of the DSAQ Share Consideration) into one (1) newly issued Surviving CompanySPAC Share.

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any Party, the SPAC Shareholders or Holdingsholder thereof, each Merger Sub Share that is issued and outstanding immediately prior to the Merger Effective Time shall be converted into and become one validly issued, fully paid an issued and non-assessable outstanding share of common stock of the Surviving Companysurviving corporation in the Merger so that the Company will be the sole shareholder of Gardedam.

Merger Sub Shares. At the Merger Effective Time, by virtue of the Merger and without any action on the part of any PartyParty or any other Person, each share of capital stock of Merger Sub (collectively, the SPAC Shareholders or Holdings, each “Merger Sub Share that is Shares”) issued and outstanding as of immediately prior to the Merger Effective Time shall be automatically cancelled and extinguished and converted into and become one validly issued, fully paid and non-assessable share of common stock of the Surviving CompanySPAC Share.