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Stock impact report

Elicio Therapeutics Reports Inducement Grants [Yahoo! Finance]

Elicio Therapeutics, Inc. (ELTX) 
Company Research Source: Yahoo! Finance
company developing a pipeline of novel immunotherapies for the treatment of cancer, today announced that on June 17, 2024, the Company granted an aggregate of 5,400 inducement stock options to two new employees, as an inducement material to each individual entering into employment with Elicio in accordance with Nasdaq Listing Rule 5635(c)(4). The inducement stock options were approved by the Compensation Committee of Elicio's Board of Directors and granted under the Elicio Therapeutics, Inc. 2024 Inducement Incentive Award Plan. Each grant provides for the purchase of shares of Elicio common stock at a price of $7.98 per share, the closing price per share of Elicio common stock as reported by Nasdaq on June 17, 2024, the date of the grant. The grants vest over four years, with 25 percent of the shares vesting on the first anniversary of each employee's respective start date, and the remainder vesting ratably at the end of each subsequent month thereafter, subject to such employee' Show less Read more
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