Adial Pharmaceuticals Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4)
Adial Pharmaceuticals announced that its Compensation Committee granted a new employee stock option to purchase 155,446 shares of common stock as an inducement for the person becoming an employee of the Company. The grant was made under Nasdaq Listing Rule 5635(c)(4).
Why it matters — ADIL watchers would care because this inducement grant signals new hiring activity and potential share dilution through the option to purchase 155,446 shares.