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Stock impact report

Sagimet Biosciences to Present at the H.C. Wainwright 8th Annual MASH Virtual Conference and Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) [Yahoo! Finance]

Sagimet Biosciences Inc. (SGMT) 
Company Research Source: Yahoo! Finance
A live webcast of the fireside chat will be available in the Investors & Media Section of Sagimet's website at www.sagimet.com , with an archived replay available following the live event. Inducement Grants In connection with the hiring of four employees, the Compensation Committee of Sagimet's Board of Directors approved inducement grants of stock options to purchase shares of the Company's Series A common stock with a total aggregate value of $611,000, as determined based on the Black Scholes value on October 1, 2024, to be granted on October 1, 2024 to the four newly-hired employees. The option awards were granted pursuant to the Nasdaq Rule 5635(c)(4) inducement grant exception as a component of each individual's employment compensation and were granted as an inducement material to his or her acceptance of employment with Sagimet. The options will have an exercise price equal to the closing price of Sagimet's Series A common stock as reported by the Nasdaq Global Market on Show less Read more
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