Neuralstem Announces Adjustment to Inducement Grant Under Nasdaq Listing Rule 5636(c)(4)
NEURALSTEM (CUR)
NASDAQ:AMEX Investor Relations:
investor.neuralstem.com
Company Research
Source: PR Newswire
GERMANTOWN, Md., Oct. 3, 2019 /PRNewswire/ -- Neuralstem, Inc. (Nasdaq: CUR), a biopharmaceutical company focused on the development of nervous system therapies based on its neural stem cell and small molecule technologies, announced the adjustment of an options award that was previously approved in accordance with Nasdaq Listing Rule 5635(c)(4).On December 18, 2018, Neuralstem announced the grant of a non-qualified inducement stock option pursuant to Nasdaq Listing Rule 5635(c)(4) to Dr. Kenneth Carter as an inducement for his employment by the company. The options contain certain anti-dilution provisions which provide that for a period of twelve (12) months (subject to Dr. Carter's continued employment), if the Company enters into a transaction whereby securities are sold for cash for the primary purpose of raising capital, then the number of shares into which the option is exercisable will adjust so that the number of common shares into which the option is exercisable will equal t
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