T2 Biosystems Reports Granting of Inducement Award
T2 Biosystems, Inc. (TTOO)
Last t2 biosystems, inc. earnings: 2/24 04:05 pm
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Source: GlobeNewswire
LEXINGTON, Mass., April 15, 2020 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO) a leader in the rapid detection of sepsis-causing pathogens, announced today that it issued inducement awards to four new employees. The awards were made on March 18, 2020 and April 14, 2020 under T2 Biosystems’ Inducement Award Plan (the "Inducement Plan"), which was adopted on March 1, 2018 and amended and restated on January 8, 2020 and provides for the granting of equity awards to new employees of T2 Biosystems. The inducement award granted on March 18, 2020 consists of an option to purchase 40,000 shares of T2 Biosystems common stock and has a ten-year term. The exercise price of the option was $0.365, which was the per-share closing price of T2 Biosystems common stock on the Nasdaq Capital Market on March 18, 2020. The inducement award granted on April 14, 2020 consists of options to purchase 19,000 shares of T2 Biosystems common stock and has a ten-year term. The exercise price of the opti
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