Endologix Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
ENDOLOGIX (ELGX)
Last endologix earnings: 2/19 04:01 pm
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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, announced today the grant of inducement equity awards to three newly hired employees (together, the “Awardees”). The awards were approved by the Company’s Compensation Committee, which is comprised of independent Directors, on December 5, 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 consist of options to purchase up to an aggregate of 193,100 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), at an exercise price of $0.68 per share (the “Awards”). The exercise price of the Awards is equal to the closing price per share of Common Stock as reported by NASDAQ on December 4, 2018. The date of grant f
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