Travere Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
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Travere Therapeutics announced inducement equity grants to six new employees, consisting of 24,400 restricted stock units, under Nasdaq Listing Rule 5635(c)(4).
November 13, 2024 | 10:15 pm
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Travere Therapeutics granted inducement RSUs to six new employees, covering 24,400 shares, as part of their hiring package.
The issuance of inducement RSUs is a common practice to attract new talent and is unlikely to have a significant immediate impact on the stock price. However, it indicates the company's growth and hiring efforts, which could be seen positively by investors.
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