Property law

Translate Bio Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

Retrieved on: 
Wednesday, July 7, 2021

These grants were made pursuant to the Companys 2021 Inducement Stock Incentive Plan, were approved by the Companys Inducement Grant Subcommittee of the board of directors, and were made as a material inducement to each employees acceptance of employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4) as a component of his or her employment compensation.

Key Points: 
  • These grants were made pursuant to the Companys 2021 Inducement Stock Incentive Plan, were approved by the Companys Inducement Grant Subcommittee of the board of directors, and were made as a material inducement to each employees acceptance of employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4) as a component of his or her employment compensation.
  • The stock options have an exercise price of $28.60 per share, equal to the closing price of Translate Bios common stock on July 6, 2021.
  • The vesting of each grant is subject to the employees continued service with the Company through the applicable vesting date.
  • The inducement grants are subject to the terms and conditions of award agreements covering the grants and the Companys 2021 Inducement Stock Incentive Plan.

Chinook Therapeutics Announces New Employment Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Retrieved on: 
Wednesday, July 7, 2021

The stock options vest over four years, with 25% vesting on the employees start date and 1/36th of the remaining shares vesting monthly thereafter, subject to the employees continued employment on each such date.

Key Points: 
  • The stock options vest over four years, with 25% vesting on the employees start date and 1/36th of the remaining shares vesting monthly thereafter, subject to the employees continued employment on each such date.
  • The stock options have a 10-year term and are subject to the terms and conditions of the stock option agreement.
  • The Company granted the stock options as a material inducement to this employee for entering into employment with Chinook Therapeutics, Inc. in accordance with Nasdaq listing Rule 5635(c)(4).
  • Chinook Therapeutics, Inc. is a clinical-stage biopharmaceutical company developing precision medicines for kidney diseases.

KBRA Releases Research – CMBS Single-Tenant Exposure Continues Climb

Retrieved on: 
Wednesday, July 7, 2021

Kroll Bond Rating Agency (KBRA) releases research on CMBS single-tenant exposure.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases research on CMBS single-tenant exposure.
  • For the first time in the nine years since we have been tracking this exposure, it pierced the 20% threshold in 2020, and was 21.9% year-to-date as of 1H 2021.
  • In the report, we examine single-tenant exposure by its risk characteristics, property type, and lease expirations relative to their maturity dates.
  • As office represents more than half of the single-tenant exposure, the report also takes a closer look by market tier as well as provides office market research and our views on the sector.

The NICB Announces Its Inaugural 'Contractor Fraud Awareness Week'

Retrieved on: 
Wednesday, July 7, 2021

Contractor Fraud Awareness Weekis dedicated to spreading the word about these bad actors.

Key Points: 
  • Contractor Fraud Awareness Weekis dedicated to spreading the word about these bad actors.
  • On July 14th, NICB President and CEO David Glawe will appear on local television networks across the country in states notorious for natural disasters discussing post-disaster fraud.
  • For more information about Contractor Fraud Awareness Week and how to become a partner, visit the NICB website and the Contractor Fraud Awareness Week web page to join the National Insurance Crime Bureau on the front line to educate consumers on how they can protect themselves following a catastrophe.
  • Sign up now to partner in NICB's inaugural Contractor Fraud Awareness Week.

Recro Reports Inducement Grants for New Staff

Retrieved on: 
Wednesday, July 7, 2021

In connection with the hiring of these personnel, the compensation committee of Recros board of directors approved inducement stock option grants to purchase an aggregate of 91,830 shares of Recros common stock and inducement restricted stock units covering 15,000 shares of Recros common stock.

Key Points: 
  • In connection with the hiring of these personnel, the compensation committee of Recros board of directors approved inducement stock option grants to purchase an aggregate of 91,830 shares of Recros common stock and inducement restricted stock units covering 15,000 shares of Recros common stock.
  • The equity awards were granted pursuant to the NASDAQ inducement grant exception as a component of each individuals employment compensation and were granted as an inducement material to his or her acceptance of employment with Recro in accordance with NASDAQ Listing Rule 5635(c)(4).
  • The equity awards are subject to each individuals continued service with Recro through the applicable vesting dates.
  • Recro (NASDAQ: REPH ) is a contract development and manufacturing organization (CDMO) with capabilities from early feasibility to commercial manufacturing.

Innovative Industrial Properties Announces Q2 2021 Operating, Investment and Capital Markets Activity

Retrieved on: 
Tuesday, July 6, 2021

The tenant is expected to complete tenant improvements at the property, for which IIP agreed to provide reimbursement of up to approximately $14.4 million.

Key Points: 
  • The tenant is expected to complete tenant improvements at the property, for which IIP agreed to provide reimbursement of up to approximately $14.4 million.
  • The tenant is expected to complete tenant improvements at the property, for which IIP agreed to provide reimbursement of up to $26.0 million.
  • Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities.
  • Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

Brooklyn ImmunoTherapeutics Reports Inducement Grants

Retrieved on: 
Tuesday, July 6, 2021

Each of the Gurrola RSU, DAmour RSU and the Time-Based Option is intended to constitute an employment inducement grant in accordance with the employment inducement grant rules set forth in Section 711(a) of the NYSE American LLC Company Guide, and is offered as an inducement material to the grantee in connection with Brooklyns hiring of such grantee.

Key Points: 
  • Each of the Gurrola RSU, DAmour RSU and the Time-Based Option is intended to constitute an employment inducement grant in accordance with the employment inducement grant rules set forth in Section 711(a) of the NYSE American LLC Company Guide, and is offered as an inducement material to the grantee in connection with Brooklyns hiring of such grantee.
  • Each of the equity awards described above were granted pursuant to the Companys 2021 Inducement Stock Incentive Plan, which was not subject to stockholder approval.
  • Brooklyn is focused on exploring the role that cytokine-based therapy can have in treating patients with cancer, both as a single agent and in combination with other anti-cancer therapies.
  • For more information about Brooklyn and its clinical programs, please visit www.BrooklynITx.com.

Denarius Announces Grant of Stock Options

Retrieved on: 
Monday, July 5, 2021

TORONTO, July 05, 2021 (GLOBE NEWSWIRE) -- Denarius Silver Corp. (Denarius or the Company) (TSXV: DSLV) announced today that it has granted a total of 7,300,000 stock options to directors, officers, employees and consultants retained by the Company, including 150,000 stock options granted to an investor relations firm assisting the Company with its investor relations marketing.

Key Points: 
  • TORONTO, July 05, 2021 (GLOBE NEWSWIRE) -- Denarius Silver Corp. (Denarius or the Company) (TSXV: DSLV) announced today that it has granted a total of 7,300,000 stock options to directors, officers, employees and consultants retained by the Company, including 150,000 stock options granted to an investor relations firm assisting the Company with its investor relations marketing.
  • Each stock option is exercisable at $0.445 per common share until June 30, 2026 with the stock options vesting immediately.
  • The closing price of the Companys common shares on June 29, 2021, the date prior to the grant of the stock options, was $0.445 per share.
  • Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Sesen Bio Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Retrieved on: 
Friday, July 2, 2021

Under the grants of non-statutory stock options, up to 206,000 shares of Sesen Bio common stock are purchasable upon vesting of the stock options within the ten-year term.

Key Points: 
  • Under the grants of non-statutory stock options, up to 206,000 shares of Sesen Bio common stock are purchasable upon vesting of the stock options within the ten-year term.
  • These options will be granted outside of the Companys 2014 Stock Incentive Plan and will be granted as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4).
  • Sesen Bio, Inc. is a late-stage clinical company advancing targeted fusion protein therapeutics for the treatment of patients with cancer.
  • Sesen Bio continues to monitor the rapidly evolving environment regarding the potential impact of the COVID-19 pandemic on our Company.

Vine Energy Inc. Announces Amendment to Second Lien Term Loan

Retrieved on: 
Thursday, July 1, 2021

Vine Energy Inc. (NYSE: VEI) announced that its subsidiary, Vine Energy Holdings LLC, has amended its second lien term loan agreement to effectively reduce the amount of future natural gas production that is required to be subject to hedging.

Key Points: 
  • Vine Energy Inc. (NYSE: VEI) announced that its subsidiary, Vine Energy Holdings LLC, has amended its second lien term loan agreement to effectively reduce the amount of future natural gas production that is required to be subject to hedging.
  • Commenting on the amendment to the Companys second lien term loan agreement, Chairman, President & CEO Eric Marsh stated, This amendment meaningfully reduces the required hedging under our credit agreements and aligns the requirements of our reserve-based lending facility with our second lien term loan.
  • We would like to thank our second lien term loan lenders for working with us on this amendment.
  • Vine Energy Inc., based in Plano, Texas, is an energy company focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana.