Anika reports inducement grants under nasdaq listing rule 5635(c)(4)

Bedford, mass., march 08, 2024 (globe newswire) -- anika therapeutics, inc. (nasdaq: anik), a global joint preservation company in early intervention orthopedics, today announced that on march 1, 2024, anika granted non-statutory stock options (“options”) covering an aggregate of 2,500 shares of common stock at a per share exercise price of $25.14, which equaled the closing price of common stock on the nasdaq global select market (“closing price”) on the grant date, to one newly hired non-executive employee. the grant was made pursuant to the anika therapeutics, inc. 2021 inducement plan, as amended, was approved by the compensation committee of the board of directors pursuant to a delegation of authority by the board of directors, and, in accordance with nasdaq listing rule 5635(c)(4), was made as a material inducement to the grantee's acceptance of employment with anika as a component of the grantee's employment compensation.
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