Categories: Health

LENSAR Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

| Source: LENSAR, Inc.

ORLANDO, Fla., Nov. 01, 2024 (GLOBE NEWSWIRE) — LENSAR, Inc. (Nasdaq: LNSR) (“LENSAR” or the “Company”) today announced that a majority of the independent members of LENSAR’s board of directors granted two newly-hired non-executive employees stock options to purchase an aggregate of 650 shares of the Company’s common stock. The options were granted as of November 1, 2024, as inducements material to each employee entering into employment with the Company. The options were granted in accordance with Nasdaq Listing Rule 5635(c)(4).

The options have an exercise price of $5.38 per share, which is equal to the closing price of the Company’s common stock on the grant date. The options vest as to 25% of the total amount of the award on the one-year anniversary of the grant date and in thirty-six substantially equal monthly installments thereafter, subject to the new employee’s continued service with the company. Each stock option has a 10-year term. The options are subject to the terms and conditions of LENSAR’s 2024 Employment Inducement Incentive Award Plan and a stock option agreement covering the grant.

About LENSAR

LENSAR is a commercial-stage medical device company focused on designing, developing, and marketing advanced systems for the treatment of cataracts and the management of astigmatism as an integral aspect of the procedure. LENSAR has developed its ALLY Robotic Cataract Laser System™ as a compact, highly ergonomic system utilizing an extremely fast dual-modality laser and integrating AI into proprietary imaging and software. ALLY is designed to transform premium cataract surgery by utilizing LENSAR’s advanced robotic technologies with the ability to perform the entire procedure in a sterile operating room or in-office surgical suite, delivering operational efficiencies and reducing overhead. ALLY includes LENSAR’s proprietary Streamline® software technology, which is designed to guide surgeons to achieve better outcomes.

GlobeNews Wire

Recent Posts

Phunware Reports First Quarter 2025 Financial Results

May 12, 2025 16:05 ET  | Source: Phunware, Inc. New Customer Launches Drive 40% Revenue…

6 hours ago

Rapid7 Announces First Quarter 2025 Financial Results

Annualized recurring revenue (“ARR”) of $837 million, an increase of 4% year-over-yearTotal revenue of $210…

6 hours ago

Lantronix Appoints Sailesh Chittipeddi to Its Board of Directors

IRVINE, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader…

6 hours ago

OptimizeRx Reports First Quarter 2025 Financial Results and Updates Fiscal Year 2025 Guidance

Q1 revenue of $21.9 million, increasing 11% year-over-yearQ1 gross profit increased 9% year-over-year to $13.3 millionIncreases…

6 hours ago

GigaCloud Technology Inc Announces First Quarter Ended March31, 2025 Financial Results

Continued B2B Marketplace Expansion and Proven Strength of the SFR Model May 12, 2025 16:05…

6 hours ago

Ascend begins production of high-purity acrylonitrile

HOUSTON, May 12, 2025 /PRNewswire/ -- Ascend Performance Materials announced today the production of high-purity acrylonitrile at…

6 hours ago