CHF Solutions, Inc. Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
August 23 2017 - 8:00AM
CHF Solutions, Inc. (NASDAQ:CHFS), today announced that on August
17, 2017, the Compensation Committee of the Board of Directors
approved eleven equity awards under CHF Solution’s New-Hire Equity
Incentive Plan, as material inducements to eleven individuals
entering into employment with the Company. The equity awards were
approved in accordance with NASDAQ Listing Rule 5635(c)(4), which
also requires a public announcement of equity awards that are not
made under a stockholder approved equity plan.
In connection with entering into employment with CHF Solutions,
the eleven individuals, who were not previously employees or
directors of CHF Solutions, received options to purchase an
aggregate of 68,500 shares of the Company’s common stock. The
option awards have an exercise price of $0.70 per share, the
closing price of CHF Solution’s common stock on August 17, 2017,
the date of the grant. The options have ten-year terms and vest
over a period of four years, with 25% vesting one year after the
date of grant and the remaining 75% vesting in 36 approximately
equal monthly increments, provided the new hire’s employment is
continuing on each such date, and subject to acceleration or
forfeiture upon the occurrence of certain events as set forth in
the new hire’s option agreement.
About CHF Solutions
CHF Solutions, Inc. (Nasdaq:CHFS) is a medical device
company focused on commercializing the Aquadex FlexFlow® System.
The company’s commercial product, the Aquadex system, is indicated
for temporary (up to eight hours) ultrafiltration treatment of
patients with fluid overload who have failed diuretic therapy, and
extended (longer than 8 hours) ultrafiltration treatment of
patients with fluid overload who have failed diuretic therapy and
require hospitalization. The company’s objective is to improve the
quality of life for patients with heart failure and related
conditions. CHF Solutions is a Delaware corporation
headquartered in Minneapolis with wholly owned
subsidiaries in Australia and Ireland. The company
has been listed on the NASDAQ Capital Market since February
2012.
For further information, please contact:
Claudia Napal Drayton
Chief Financial Officer
CHF Solutions, Inc.
T: +1-952-345-4205
-or-
Bret Shapiro
Managing Partner
CORE IR
516 222 2560
brets@coreir.com
www.coreir.com
Investor Relations
CHF Solutions, Inc.
ir@chf-solutions.com
CHF Solutions (NASDAQ:CHFS)
Historical Stock Chart
From Mar 2024 to Apr 2024
CHF Solutions (NASDAQ:CHFS)
Historical Stock Chart
From Apr 2023 to Apr 2024