CHF Solutions, Inc. Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
CHF SOLUTIONS INC (CHFS)
Last chf solutions inc earnings: 2/20 08:30 am
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
EDEN PRAIRIE, Minn., Jan. 19, 2018 (GLOBE NEWSWIRE) -- CHF Solutions, Inc. (NASDAQ:CHFS), today announced that on January 17, 2018, the independent directors approved equity awards under CHF Solutions’ New-Hire Equity Incentive Plan, as material inducements to six individuals entering into employment with the Company. The equity awards were approved in accordance with NASDAQ Listing Rule 5635(c)(4), which also requires a public announcement of equity awards that are not made under a stockholder approved equity plan. In connection with entering into employment with CHF Solutions, the six individuals, who were not previously employees or directors of CHF Solutions, received options to purchase an aggregate of 105,500 shares of the Company’s common stock. The option awards have an exercise price of $3.55 per share, the closing price of CHF Solution’s common stock on January 17, 2018, the date of the grant. The options have ten-year terms and vest over a period of four years, with 25%
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