XpresSpa Group Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
January 10 2022 - 9:10AM
XpresSpa Group, Inc. (Nasdaq: XSPA), a travel health and wellness
company, today announced that a majority of the independent members
of its Board of Directors granted an equity award to Ezra T. Ernst,
who was previously affiliated with GCG Connect LLC d/b/a
HyperPointe (“HyperPointe”) and who was offered employment with the
Company in connection with XpresSpa’s acquisition of the equity
interests of HyperPointe, as an inducement material to such new
employee entering into employment with the Company. The equity
award was approved on January 7, 2022, in accordance with Nasdaq
Listing Rule 5635(c)(4).
The employee will receive stock options to
purchase 1,000,000 shares of XpresSpa common stock. The stock
options will be issued upon the closing of the acquisition of
HyperPointe and employee’s hire date in connection therewith (the
"Grant Date"), and all stock options included within the equity
inducement award will have an exercise price equal to the closing
price of XpresSpa common stock on the Grant Date. One-third of the
options will vest on each of the first three anniversaries of the
Grant Date, subject to the employee's continued employment with
XpresSpa or its subsidiaries on such vesting dates. The stock
options have a ten-year term.
About XpresSpa Group, Inc.
XpresSpa Group, Inc. (Nasdaq: XSPA) is a leading
global travel health and wellness holding company operating three
distinct brands: XpresCheck®, XpresSpa® and Treat™. XpresCheck is a
leading on-site airport provider of COVID-19 screening and testing
with 14 locations in 12 domestic airports. XpresSpa is a leading
airport retailer of spa services and related health and wellness
products, with 43 locations in 21 airports globally. Treat is a
travel health and wellness brand that will be providing on-demand
access to healthcare through technology and personalized services
with one flagship location at JFK Terminal 4.
To learn more about XpresSpa Group, visit:
www.XpresSpaGroup.com.To learn more about XpresCheck, visit:
www.XpresCheck.com.To learn more about XpresSpa, visit
www.XpresSpa.com.To learn more about Treat, visit:
www.Treat.com.
Twitter: @xprescheck and Instagram:
@realxprescheckTwitter: @XpresSpa and Instagram: @XpresSpaTwitter:
@Treat_Care and Instagram: @treat_care
Investor RelationsICRRaphael
Grossir@xpresspagroup.com(203) 682-8253
MediaJulie FergusonJulie@jfprmedia.com(312)
385-0098
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