SCYX - SCYNEXIS reports inducement grants under Nasdaq listing rule

SCYNEXIS (NASDAQ:SCYX) has announced grants of stock options to two new employees to purchase an aggregate of 5,200 shares of SCYNEXIS common stock at a per share exercise price of $7.38, the closing trading price on Nov. 30. The stock options were granted as material inducements to the new employees to accept SCYNEXIS’ offers of employment. Each option has a ten-year term, with one-fourth of the shares subject to the option vesting on the one-year anniversary of the employee’s first date of employment and the remainder vesting in equal monthly installments for thirty-six months thereafter, provided the employee continues to provide service to SCYNEXIS.

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SCYNEXIS reports inducement grants under Nasdaq listing rule