Adverum Biotechnologies Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
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Adverum Biotechnologies has granted a new employee 30,000 non-qualified stock options under its 2017 Inducement Plan. The stock options have an exercise price of $3.83 per share and will vest over four years, with 25% vesting on the first anniversary and 1/48th monthly thereafter.
April 04, 2025 | 8:15 pm
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NEUTRAL IMPACT
The company granted stock options to a new employee, signaling potential talent acquisition and retention strategy in the gene therapy space.
The stock option grant is a standard practice for talent attraction and does not significantly impact stock price in the short term.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100