Galecto, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Galecto, Inc. (GLTO)
Company Research
Source: GlobeNewswire
BOSTON, Dec. 16, 2025 (GLOBE NEWSWIRE) -- Galecto, Inc. (the “Company” or “Galecto”) (Nasdaq: GLTO) today announced that the Company’s Board of Directors approved the grant of non-qualified stock options to purchase 312,535 shares of the Company’s common stock to one new employee (the “Inducement Grant”) on December 15, 2025 (the “Grant Date”). The Inducement Grant has been granted pursuant to the Company’s 2022 Inducement Plan, as amended from time to time. The Inducement Grant was granted as an inducement material to this individual entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The Inducement Grant has an exercise price per share equal to $32.00 and will vest (i) with respect to 25% on the first anniversary of the Grant Date and (ii) thereafter, with respect to an additional 1/48th on each monthly anniversary of the Grant Date following the first anniversary of the Grant Date, subject to the employee’s continued employment with the C
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News
- Galecto (NASDAQ:GLTO) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Galecto (NASDAQ:GLTO) had its price target raised by analysts at Guggenheim from $32.00 to $36.00. They now have a "buy" rating on the stock.MarketBeat
- Galecto (NASDAQ:GLTO) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=GLTO&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> frMarketBeat
- Galecto (NASDAQ:GLTO) was upgraded by analysts at Guggenheim to a "strong-buy" rating.MarketBeat
- Galecto (NASDAQ:GLTO) is now covered by analysts at Guggenheim. They set a "buy" rating on the stock.MarketBeat
GLTO
Sec Filings
- 12/16/25 - Form PRE
- 12/16/25 - Form S-3
- 12/9/25 - Form 8-K/A
- GLTO's page on the SEC website