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Perimeter Medical Imaging AI Announces Issuance and Amendment of Options
Perimeter Medical Imaging AI Announces Issuance and Amendment of Options Canada NewsWir...
About this update from Perimeter Medical Imaging Ai Inc
[{"type":"text","content":"\n \n \n \n Perimeter Medical Imaging AI Announces Issuance and Amendment of Options\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n and\n \n DALLAS\n \n \n ,\n \n \n Sept. 13, 2023\n \n \n /CNW/ - Perimeter Medical Imaging AI, Inc. (TSXV: PINK) (OTC: PYNKF) (FSE: 4PC) (\"Perimeter\" or the \"Company\") – a commercial-stage medical technology company – announced that, on\n \n September 13, 2023\n \n , it granted 3,523,408 stock options to certain directors, officers, consultants, and employees of the Company. Each stock option entitles the holder to acquire one common share of the Company at an exercise price of\n \n $1.53\n \n per common share and expires 10 years from the date of grant. Of the 3,523,408 stock options issued, 3,195,908 stock options were issued to certain members of the executive team and directors. As of the date of this news release, the Company has a total of 9,721,136 stock options outstanding, and the Company may issue further equity compensation securities exercisable for up to 2,750,407 common shares under the Company's omnibus equity incentive plan.\n \n \n \n \n \n \n \n \n \n The Company also announced that its board of directors has approved certain amendments to the vesting schedules of the Company options issued to certain employees of the Company in March 2023.  As previously announced, on\n \n March 23, 2023\n \n the Company granted 1,510,000 stock options to certain directors, officers, consultants, and employees of the Company.  The board of directors has approved a minor amendment to the vesting schedules of 1,145,000 such options issued to employees of the Company (the \"Amended Options\") in order to better reflect the Company's intended vesting schedule and to encourage employee retention.  Subject to customary regulatory approvals, 25% of the Amended Options will vest on the 1 year anniversary of grant and the remaining Amended Options will vest monthly in 1/48\n \n th\n \n increments over the following 3 years.  The exerci...