Crinetics Pharmaceuticals Announces November 2024 Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
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Crinetics Pharmaceuticals has granted stock options to new employees as part of its inducement plan, in line with Nasdaq rules.
November 11, 2024 | 9:30 pm
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Crinetics Pharmaceuticals granted stock options to new employees as part of its inducement plan, which could impact stock price due to potential dilution.
The issuance of stock options to new employees is a common practice to attract talent. While it can lead to stock dilution, the impact is often minimal unless the number of shares is significant. In this case, 99,500 shares are not likely to cause a major price movement.
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