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© Reuters.
Precision BioSciences (NASDAQ:), a biotechnology agency specializing in gene modifying, introduced that on November 21, the corporate’s Compensation Committee licensed an inducement inventory choice for a brand new rent below the Nasdaq Itemizing Rule 5635(c)(4).
The inducement, a part of their Inducement Award Plan, permits the worker to buy 160,000 shares of Precision BioSciences’ widespread inventory at $0.42 every. The inventory choice comes with a vesting schedule unfold over 4 years, with one-quarter of the shares vesting on the primary anniversary of the worker’s begin date and the remaining shares vesting in quarterly increments thereafter.
This strategic grant aligns with the corporate’s efforts to draw and retain high expertise, important for advancing its analysis and improvement actions. Precision BioSciences goals to make important strides within the area of gene modifying, with a dedication to enhancing lives via modern therapies.
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