{"id":452062,"date":"2021-03-05T17:03:08","date_gmt":"2021-03-05T22:03:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=452062"},"modified":"2021-03-05T17:03:08","modified_gmt":"2021-03-05T22:03:08","slug":"chf-solutions-inc-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/chf-solutions-inc-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-2\/","title":{"rendered":"CHF Solutions, Inc. Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)"},"content":{"rendered":"<div class=\"mw_release\">\n<p>EDEN PRAIRIE, Minn., March  05, 2021  (GLOBE NEWSWIRE) &#8212; CHF Solutions, Inc. (NASDAQ: CHFS), today announced that, effective February 17, 2021, the independent directors approved one equity award under CHF Solution\u2019s New-Hire Equity Incentive Plan, as material inducement to an individual entering into employment with the company. The equity award was 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.<\/p>\n<p>In connection with entering into employment with CHF Solutions, the individual, who was not previously an employee or director of CHF Solutions, received an option to purchase an aggregate of 300 shares of the Company\u2019s common stock. The option award has an exercise price of $9.46 per share, the closing price of CHF Solution\u2019s common stock on February 17, 2021, the date of the grant. The option has a ten-year term and vests 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\u2019s 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\u2019s option agreement.<\/p>\n<p>\n        <strong>About CHF Solutions<\/strong><br \/>\n        <br \/>CHF Solutions, Inc. (Nasdaq:CHFS) is a medical device company dedicated to changing the lives of patients suffering from fluid overload through science, collaboration, and innovation. The company is focused on developing, manufacturing, and commercializing the Aquadex SmartFlow\u00ae system for ultrafiltration therapy. CHF Solutions is a Delaware corporation headquartered in Minneapolis, Minnesota with wholly owned subsidiaries in Australia and Ireland. The company has been listed on the Nasdaq Capital Market since February 2012.<\/p>\n<p>\n        <strong>About the Aquadex SmartFlow System <\/strong><br \/>\n        <br \/>The Aquadex SmartFlow system delivers clinically proven therapy using a simple, flexible and smart method of removing excess fluid from patients suffering from hypervolemia (fluid overload). The Aquadex SmartFlow system is indicated for temporary (up to 8 hours) or extended (longer than 8 hours in patients who require hospitalization) use in adult and pediatric patients weighing 20 kg or more whose fluid overload is unresponsive to medical management, including diuretics. All treatments must be administered by a health care provider, within an outpatient or inpatient clinical setting, under physician prescription, both having received training in extracorporeal therapies.<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NTQyOSM0MDUxMDk3IzIwMTEzMTA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/d3e20a60-2840-4366-8e8d-949ca3fb6a21\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>CONTACTS\r\n\r\nINVESTORS:\r\nClaudia Napal Drayton\r\nChief Financial Officer, CHF Solutions, Inc.\r\n952-345-4205\r\nir@chf-solutions.com\r\n\r\nMatt Basco, CFA\r\nGilmartin Group LLC\r\nMatt.basco@gilmartinir.com\r\n\r\nMEDIA:\r\nJessica Stebing\r\nHealth+Commerce\r\n260-336-6202\r\njstebing@healthandcommerce.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EDEN PRAIRIE, Minn., March 05, 2021 (GLOBE NEWSWIRE) &#8212; CHF Solutions, Inc. (NASDAQ: CHFS), today announced that, effective February 17, 2021, the independent directors approved one equity award under CHF Solution\u2019s New-Hire Equity Incentive Plan, as material inducement to an individual entering into employment with the company. The equity award was 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 individual, who was not previously an employee or director of CHF Solutions, received an option to purchase an aggregate of 300 shares of the Company\u2019s common stock. The option award has an &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chf-solutions-inc-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CHF Solutions, Inc. Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-452062","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CHF Solutions, Inc. 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(NASDAQ: CHFS), today announced that, effective February 17, 2021, the independent directors approved one equity award under CHF Solution\u2019s New-Hire Equity Incentive Plan, as material inducement to an individual entering into employment with the company. The equity award was 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 individual, who was not previously an employee or director of CHF Solutions, received an option to purchase an aggregate of 300 shares of the Company\u2019s common stock. The option award has an &hellip; Continue reading &quot;CHF Solutions, Inc. 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