Ginkgo Bioworks Granted $4.29M Worth Of Restricted Stock Units To Eight Patch Bio Employees Related To Patch Biosciences Deal On February 26, And $3.53M Worth Of Restricted Stock Units To Four Reverie Employees Related To Reverie Labs Deal On February 23
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Ginkgo Bioworks awarded $4.29M in restricted stock units to eight Patch Bio employees and $3.53M to four Reverie employees, related to acquisitions of Patch Biosciences and Reverie Labs on February 26 and February 23, respectively.

February 28, 2024 | 12:28 pm
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Ginkgo Bioworks, trading under the symbol DNA, granted restricted stock units worth $7.82M to employees of Patch Bio and Reverie Labs as part of acquisition deals.
The granting of restricted stock units is a positive signal of Ginkgo Bioworks' investment in its acquisitions of Patch Biosciences and Reverie Labs. This move likely aims to retain key talent and align their interests with the company's success, potentially leading to positive developments and integration outcomes. Such actions can be viewed favorably by investors as they indicate a strategic approach to mergers and acquisitions, possibly leading to an optimistic outlook on the company's stock in the short term.
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