TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

Galecto, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Galecto, Inc.
Galecto, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Galecto's Board of Directors approved granting 312,535 non-qualified stock options to a new employee at an exercise price of $32.00, with a vesting schedule starting from the first anniversary of the grant date.

Insights
JPMpJ   neutral

Serving as a joint book-running manager for the offering, which is a standard investment banking service


GLTO   neutral

The stock option grant is a standard corporate practice for attracting and retaining talent, indicating routine business activity without significant positive or negative implications