Iterum Therapeutics Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
This grant was awarded pursuant to the Nasdaq inducement grant exception as a component of new hire employment compensation.
- This grant was awarded pursuant to the Nasdaq inducement grant exception as a component of new hire employment compensation.
- The share option was granted effective December 10, 2021 with an exercise price of $0.48 per share, which is equal to the closing price of Iterum Therapeutics ordinary shares on the date of grant.
- The share option and restricted share unit awards were approved by Iterum Therapeutics Compensation Committee and were granted as an inducement material to Dr. Puttaguntas acceptance of employment in accordance with Nasdaq Listing Rule 5635(c)(4).
- Iterum Therapeutics has received Qualified Infectious Disease Product (QIDP) and Fast Track designations for its oral and IV formulations of sulopenem in seven indications.