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Stock impact report

Iterum Therapeutics Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) [MarketWatch]

Iterum Therapeutics plc - Ordinary Share (ITRM) 
Last iterum therapeutics plc - ordinary share earnings: 11/12 04:30 pm Check Earnings Report
Company Research Source: MarketWatch
DUBLIN, Ireland and CHICAGO, Jun 14, 2022 (GLOBE NEWSWIRE via COMTEX) -- DUBLIN, Ireland and CHICAGO, June 14, 2022 (GLOBE NEWSWIRE) -- Iterum Therapeutics plc (Nasdaq: ITRM) (the "Company"), a clinical-stage pharmaceutical company focused on developing next generation oral and IV antibiotics to treat infections caused by multi-drug resistant pathogens in both community and hospital settings, today announced that it has granted a non-statutory share option to purchase an aggregate of 35,000 ordinary shares of the Company as an inducement to a newly hired employee. This grant was awarded pursuant to the Nasdaq inducement grant exception as a component of new hire employment compensation. The share option was granted effective June 13, 2022 with an exercise price of $0.21 per share, which is equal to the closing price of Iterum Therapeutics' ordinary shares on the date of grant. The share option has a 10-year term and vests over four years, with 25% of the original number of shares v Show less Read more
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