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If possible I would try to have a conversation about your compensation then. Part of what you were expecting is no longer on the table, will there be something else offered or is that just taken away now? Unfortunate timing of events and hopefully it is addressed in some way.
There isn't a lot you can do. As long as this was done legally (most likely it was) then they (the company that purchased the startup) are well within their rights to change the compensation plan. This happens all the time. You can, of course, also leave and get another job if the compensation no longer matches your needs.
Review the original compensation plan, looking specifically for legally binding language that would obligate any future owner to honor the terms of that agreement. Absent that language, the new owner is not obligated to continue any of the policies and procedures of the original owners. If the stock shares are presented as "compensation shall include," you may have a possible threat of legal action if that part of the compensation package is abrogated. If the stock shares are "in addition to" the salary, you don't. It would similar to a jolly old soul of a boss giving generous Christmas bonuses and the new Scrooge of an owner doing away with Christmas bonuses.
Jelly of the month club.
It probably all comes down to whatever you signed when you took the position. But it's possible, perhaps probable, that you'll have no recourse. That's the risk of working for a startup, things are always subject to change and it can put you in difficult situations (you can guess how I know that).