Terns Pharmaceuticals Reports Inducement Grant to New Employee Under Nasdaq Listing Rule 5635(C)(4)
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Terns Pharmaceuticals has granted an equity inducement award to a new employee under its 2022 Employment Inducement Award Plan, in line with Nasdaq Listing Rule 5635(c)(4). This move is intended to attract new talent to the company.
January 02, 2025 | 9:15 pm
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Terns Pharmaceuticals has issued an equity inducement award to a new employee, aligning with Nasdaq Rule 5635(c)(4). This action is part of their strategy to attract and retain talent.
The equity inducement award is a standard practice to attract new employees and is unlikely to have a significant immediate impact on the stock price. However, it reflects the company's efforts to strengthen its team, which could be positive in the long term.
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