Geron Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
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Geron Corporation has granted non-statutory stock options to new employees as inducements, in accordance with Nasdaq Listing Rule 5635(c)(4). The options cover 72,000 shares at an exercise price of $3.77, matching the closing stock price on the grant date.
December 19, 2024 | 9:45 pm
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Geron Corporation has issued stock options to new employees as part of their hiring package, potentially impacting stock price due to the increase in outstanding shares.
The issuance of stock options to new employees is a common practice and is unlikely to have a significant immediate impact on the stock price. However, it does increase the number of outstanding shares, which could dilute existing shares slightly. The exercise price matches the current market price, indicating no immediate discount or premium.
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IMPORTANCE 60
RELEVANCE 100