Discover the Rewards: Pharma Firm Grants Inducements to Comply With Exchange Rules!

On July 3, 2023, scPharmaceuticals Inc. (Nasdaq: SCPH) graciously welcomed seven new employees by granting them generous inducement equity grants consisting of stock options that allowed them to purchase an aggregate of 26,250 shares of common stock. This move is a reflection of the pharmaceutical company’s commitment to developing and commercializing products that have the potential to optimize therapies, advance patient care, and reduce healthcare costs.

The 2023 Employment Inducement Award Plan of scPharmaceuticals Inc. offers distinct stock options that come with their own unique terms and conditions. Investing in these options could be just the right move for the discerning buyer.

In February 2023, scPharmaceuticals’ board of directors adopted the Inducement Plan to grant equity awards to individuals as an incentive for joining the company, in compliance with Nasdaq Listing Rule 5635(c)(4). This plan provides an attractive proposition for new team members to become part of scPharmaceuticals.

Upon starting work for the Company, you will be granted stock options with an exercise price of $9.82 per share. On the first anniversary of your employment, 25% of the total number of shares will vest and the remaining shares will vest in 36 equal monthly installments, culminating in full vesting on the four-year anniversary of your hire date!

About scPharmaceuticals

scPharmaceuticals is a leading pharmaceutical company dedicated to revolutionizing healthcare for millions of people. Our innovative products and solutions expand the possibilities of outpatient care for select acute conditions, by developing safe and effective treatments that can be self-administered subcutaneously.

We partner with healthcare providers and strategic partners to provide healthcare solutions that reduce costs and improve outcomes. Our focus and innovation in the fields of heart failure and infectious disease is paving the way for better healthcare that is accessible to all. We are headquartered in Burlington, MA and continue to work hard to make a difference in healthcare worldwide.

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