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Stock impact report

Endologix Announces Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

ENDOLOGIX (ELGX) 
Last endologix earnings: 2/19 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.endologix.com
Company Research Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)-- Endologix, Inc. (Nasdaq: ELGX) (the “Company”), a developer and marketer of innovative treatments for aortic disorders, today announced the grant of inducement equity awards to three newly appointed executives (together, the “Awardees”). The awards were approved by the Company’s Compensation Committee, which is comprised of independent Directors, on August 7, 2018, as an inducement material to the Awardees’ entry into employment with the Company, as permitted under NASDAQ Listing Rule 5635(c)(4). The inducement grants to the Awardees consisted of (i) options (the “Options”) to purchase up to an aggregate of 538,243 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), at an exercise price of (A) $2.74 per share with respect to 381,601 shares of Common Stock underlying the Options, and (B) $2.54 per share with respect to 156,642 shares of Comm Show less Read more
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