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

Plano, texas, april 07, 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 april 7, 2025, and in connection with the previously announced appointment of thomas kim as the company's chief financial officer, the company's board of directors approved grants of (i) restricted stock units (“rsus”) covering 200,000 shares of the company's class a common stock (the “kim rsus”), (ii) non-qualified stock option awards to purchase 310,000 shares of the company's class a common stock with an exercise price of $3.51, which is equal to the closing price of the company's class a common stock on the nasdaq stock market on april 7, 2025, (iii) non-qualified stock option awards to purchase 212,500 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 212,500 shares of the company's class a common stock with an exercise price of $12.00 ((ii), (iii) and (iv) collectively, the “kim options”).
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