European wax center, inc. announces inducement grants under nasdaq listing rule 5635(c)(4)

Plano, texas, march 21, 2025 (globe newswire) -- european wax center, inc. (nasdaq: ewcz) (the “company” or “european wax center”), the leading franchisor and operator of out-of-home waxing services in the united states, announced that on march 21, 2025, and in connection with the previously announced appointment of katie mullen as the company's chief commercial officer, the company's board of directors approved grants of (i) restricted stock units (“rsus”) covering 160,000 shares of the company's class a common stock (the “mullen rsus”), (ii) non-qualified stock option awards to purchase 220,000 shares of the company's class a common stock with an exercise price of $3.99, which is equal to the closing price of the company's class a common stock on the nasdaq stock market on march 21, 2025, (iii) non-qualified stock option awards to purchase 180,000 shares of the company's class a common stock with an exercise price of $9.00, and (iv) non-qualified stock option awards to purchase 180,000 shares of the company's class a common stock with an exercise price of $12.00 ((ii), (iii) and (iv) collectively, the “mullen options”).
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