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

Plano, texas, march 31, 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 effective as of march 31, 2025, the company's board of directors approved grants of (i) restricted stock units covering 84,000 shares of the company's class a common stock (the “rsus”), (ii) non-qualified stock option awards to purchase 130,000 shares of the company's class a common stock with an exercise price of $3.95, which is equal to the closing price of the company's class a common stock on the nasdaq stock market on march 31, 2025, (iii) non-qualified stock option awards to purchase 95,000 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 95,000 shares of the company's class a common stock with an exercise price of $12.00 ((ii), (iii) and (iv) collectively, the “options”) to one new employee.
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