CHF Solutions, Inc. Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
CHF SOLUTIONS INC (CHFS)
Last chf solutions inc earnings: 2/20 08:30 am
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
EDEN PRAIRIE, Minn., Nov. 09, 2018 (GLOBE NEWSWIRE) -- CHF Solutions, Inc. (NASDAQ: CHFS) today announced that on November 8, 2018, the independent directors approved four equity awards under CHF Solution’s New-Hire Equity Incentive Plan, as material inducements to four individuals entering into employment with the Company. The equity awards were approved in accordance with NASDAQ Listing Rule 5635(c)(4), which also requires a public announcement of equity awards that are not made under a stockholder approved equity plan. In connection with entering into employment with CHF Solutions, the four individuals, who were not previously employees or directors of CHF Solutions, received options to purchase an aggregate of 15,500 shares of the Company’s common stock. The option awards have an exercise price of $1.12 per share, the closing price of CHF Solution’s common stock on November 8, 2018, the date of the grant. The options have ten-year terms and vest over a period of four years,
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