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Share Name | Share Symbol | Market | Type |
---|---|---|---|
MedAvail Holdings Inc | NASDAQ:MDVL | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.80 | 1.66 | 1.79 | 0 | 01:00:00 |
Each inducement stock option was granted on November 22, 2022 and has an exercise price of $0.59 per share, which is equal to the closing price of a share of MedAvail common stock on the grant date, and shall vest over four years as follows: either (i) 25% of the shares subject to such inducement stock option shall vest on the one year anniversary of the date that employment commenced, or (ii) one forty-eighth (1/48th) of the shares subject to such inducement stock option shall vest on the one month anniversary of the date that employment commenced, and in both the cases of (i) and (ii), an additional one forty-eighth (1/48th) of the shares subject to such inducement stock option shall vest monthly thereafter.
Each inducement RSU award was granted on November 22, 2022 and shall vest as follows: one-third (1/3rd) of the shares subject to each inducement RSU award shall vest on the first, second and third yearly anniversaries of the first day of the third month of the quarter following the employee’s hire date.
Each inducement award is subject to the terms of the MedAvail Holdings, Inc. 2022 Inducement Equity Incentive Plan and related forms of agreements and were granted as inducements material to these employees to enter into employment with MedAvail in accordance with Nasdaq Listing Rule 5635(c)(4).
About MedAvail
MedAvail Holdings, Inc. (NASDAQ: MDVL) is a technology-enabled pharmacy company, providing turnkey in-clinic pharmacy services through its proprietary robotic dispensing platform, the MedAvail MedCenter, and home delivery operations, to Medicare clinics. MedAvail helps patients to optimize drug adherence, resulting in better health outcomes. Learn more at www.medavail.com.
Contacts:
Investor RelationsJi-Yon YiGilmartin Groupir@medavail.comSOURCE MedAvail Holdings, Inc.
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