WebOct 11, 2012 · 1.1 Merger.In accordance with the provisions of this Agreement and the Delaware General Corporation Law (the “DGCL”), at the Effective Time (as defined below), the Company will be merged with and into Diamondback LLC, Diamondback LLC’s separate existence will cease and the Company will be the surviving corporation in the … WebFeb 18, 2011 · Section 242 of the Delaware General Corporation Law authorizes a corporation to implement a reverse stock split via an amendment to its corporate charter. Section 155(2) of the DGCL provides that ...
Delaware General Corporation Law Harvard Business Services, Inc.
WebPursuant to Section 242 of the Delaware General Corporation Law DIGITAL WORLD ACQUISITION CORP. (the “Corporation”), a corporation organized and existing under the laws of the State of Delaware, does hereby certify as follows: 1. The name of the Corporation is Digital World Acquisition Corp. WebFeb 16, 2024 · Delaware law requires strict adherence to corporate formalities when changing a corporation's capital structure. As the court's decision demonstrates, Section 242 of the DGCL in particular can be a trap for the unwary who may assume that a general majority rule governs all fundamental transactions under the DGCL, which is not the case. campground activity schedule
EX-3.1
WebWHEREAS, the Board of Directors of the Corporation and the Majority Shareholders of the Series A Preferred Stock wish to amend the Original Certificate of Designation duly adopted in accordance with the provisions of Section 242 of the General Corporation Law of the State of Delaware (the “Amendment”). WebApr 10, 2024 · In In re Lordstown Motors Corp., the Court of Chancery, in an opinion by Vice Chancellor Will, confirmed Section 205 of the Delaware General Corporation Law (DGCL) as a means for certain former SPACs to validate their capital structures following the uncertainty created by the Vice Chancellor Zurn’s earlier decision in Garfield v. WebAny such amendment shall be adopted and shall become effective in accordance with § 242 of this title, except that it must be approved by a vote of the holders of record of at least 2 / 3 of the shares of each class of stock of the corporation which are outstanding. campground activity ideas