Quantum-Si Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
October 17 2024 - 5:21PM
Business Wire
Quantum-Si Incorporated (Nasdaq: QSI) (“Quantum-Si,” “QSI” or
the “Company”), The Protein Sequencing Company™, today announced
that the Compensation Committee of Quantum-Si’s Board of Directors
has granted an aggregate of 385,983 restricted stock units (“RSUs”)
to five new employees under the Company’s previously adopted
Quantum-Si Incorporated 2023 Inducement Equity Incentive Plan, as
amended (the “2023 Inducement Plan”). The RSUs were granted as
inducements material to the new employees becoming employees of
Quantum-Si in accordance with Nasdaq Listing Rule 5635(c)(4).
The 2023 Inducement Plan is used exclusively for the grant of
equity awards to individuals who were not previously employees of
Quantum-Si (or following a bona fide period of non-employment), as
an inducement material to such individuals’ entering into
employment with Quantum-Si, pursuant to Rule 5635(c)(4) of the
Nasdaq Listing Rules.
The RSUs will vest as to 25% on December 20, 2025, with the
remainder vesting in 12 equal quarterly installments thereafter,
subject to the employees’ continued employment with Quantum-Si on
such vesting dates. The RSUs are subject to the terms and
conditions of the 2023 Inducement Plan and RSU agreements covering
the grants.
About Quantum-Si Incorporated
Quantum-Si, The Protein Sequencing Company™, is focused on
revolutionizing the growing field of proteomics. The Company’s
Platinum® instrument enables Next-Generation Protein Sequencing™
that advances proteomic research, drug discovery, and diagnostics
beyond what has been possible with existing proteomic tools. Learn
more at quantum-si.com or follow us on LinkedIn or X.
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version on businesswire.com: https://www.businesswire.com/news/home/20241017336428/en/
Investor Contact Doug Farrell, VP, Investor Relations
ir@quantum-si.com
Media Contact Katherine Atkinson, SVP, Commercial
Marketing media@quantum-si.com
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