Molekule group, inc. reports equity inducement grant under nasdaq rule 5635(c)(4)

Palm beach gardens, fla., april 14, 2023 (globe newswire) -- molekule group, inc. (the “company” or “molekule”; nasdaq: mkul), an emerging leader in air purification technology solutions, systems for healthcare and commercial smart building applications, and individual consumer protection, announced today that the company's compensation committee has granted an equity inducement award of common stock to a new executive employee in connection with his joining the company. the company granted 500,000 restricted stock units to ryan patch, its new chief legal officer, corporate secretary and senior vice president. the grant of restricted stock units was promised to mr. patch in his employment agreement with the company as a material inducement of employment in accordance with nasdaq listing rule 5635(c)(4).
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