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1.86396310535178E-16 1.86396310535178E-16 1.86396310535178E-16 1.86396310535178E-16 1.86396310535178E-16 1.86396310535178E-16 1.86396310535178E-16 1.86396310535178E-16
Stock impact report

Forte Biosciences, Inc. Reports Inducement Grant Under Nasdaq Listing Rules

Forte Biosciences, Inc. (FBRX) 
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Forte Biosciences, Inc. (www.fortebiorx.com) (NASDAQ: FBRX), a clinical-stage biopharmaceutical company focused on developing FB102, which is a proprietary anti-CD122 monoclonal antibody therapeutic candidate with potentially broad autoimmune and autoimmune-related indications, today announced the issuance of an equity inducement award as required by the Nasdaq Stock Market Rules.In accordance with NASDAQ Listing Rule 5635(c)(4), the Compensation Committee of Forte’s Board of Directors approved the grant of an equity award in the form of options to purchase a total of 15,000 shares of common stock to a new non-executive employee as a material inducement to such individual accepting employment with the Company. The option award shall vest over four years, with twenty-five percent vesting on the one-year anniversary of the applicable optionee’s employment commencement date and the remaining seventy-five percent vesting in approximately equal monthly incremen Show less Read more
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