Opus Genetics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Opus Genetics announced that the Compensation Committee of its Board of Directors approved equity awards under the company's 2021 Inducement Plan as material inducements to employment for three non-executive employees who were not previously employees or directors of the company. The grants were made under Nasdaq Listing Rule 5635(c)(4).
Why it matters — For IRD watchers, the inducement grants signal the company's hiring of new talent to support its clinical-stage gene therapy programs for inherited retinal diseases.