{"id":459239,"date":"2021-03-16T18:03:13","date_gmt":"2021-03-16T22:03:13","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=459239"},"modified":"2021-03-16T18:03:13","modified_gmt":"2021-03-16T22:03:13","slug":"lifemd-announces-inducement-grant-under-nasdaq-listing-rule-5635c4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lifemd-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\/","title":{"rendered":"LifeMD Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"
\n

NEW YORK, March 16, 2021 (GLOBE NEWSWIRE) — LifeMD, Inc.<\/u><\/a>\u00a0(NASDAQ: LFMD), a leading direct-to-patient telehealth company, announced that the Compensation Committee of the Company\u2019s Board of Directors granted an equity award to a new employee with a grant date of March 15, 2021, as an equity inducement award outside of the Company\u2019s 2020 Equity and Incentive Plan (but under the terms of the 2020 Equity and Incentive Plan) and material to the employee\u2019s acceptance of employment with the company. The equity award was approved on March 15, 2021, in accordance with Nasdaq Listing Rule 5635(c)(4).<\/p>\n

The employee received options to purchase an aggregate of 90,000 shares of LifeMD, Inc. common stock. The options have an exercise price of $19.61, which is equal to the closing price of LifeMD common stock on March 15, 2021, the grant date of the award. The options will vest ratably each month over a 36-month period that commences on the date of grant, subject to the employee\u2019s continued employment with LifeMD on such vesting dates. The options have a five-year term.<\/p>\n

About\u00a0LifeMD<\/strong>
LifeMD, Inc.\u00a0(formerly Conversion Labs)\u00a0is a leading\u00a0telehealth company that is transforming the healthcare\u00a0landscape\u00a0with direct-to-patient product and service\u00a0offerings. LifeMD\u2019s telemedicine platform enables virtual access to affordable and convenient medical treatment\u00a0from\u00a0licensed providers and, when appropriate, prescription medications and over-the-counter products\u00a0delivered\u00a0directly to the patient\u2019s home.\u00a0To learn more,\u00a0go to\u202fLifeMD.com<\/a>.\u00a0<\/p>\n

\n Company Contact<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
LifeMD, Inc.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
Marc Benathen, CFO
Email Contact<\/u><\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

\n Media and Investor Relations Contact<\/strong>
\n
Ron Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email Contact<\/u><\/a><\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, March 16, 2021 (GLOBE NEWSWIRE) — LifeMD, Inc.\u00a0(NASDAQ: LFMD), a leading direct-to-patient telehealth company, announced that the Compensation Committee of the Company\u2019s Board of Directors granted an equity award to a new employee with a grant date of March 15, 2021, as an equity inducement award outside of the Company\u2019s 2020 Equity and Incentive Plan (but under the terms of the 2020 Equity and Incentive Plan) and material to the employee\u2019s acceptance of employment with the company. The equity award was approved on March 15, 2021, in accordance with Nasdaq Listing Rule 5635(c)(4). The employee received options to purchase an aggregate of 90,000 shares of LifeMD, Inc. common stock. The options have an exercise price of $19.61, which … <\/p>\n

Continue reading “LifeMD Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)”<\/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-459239","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLifeMD Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lifemd-announces-inducement-grant-under-nasdaq-listing-rule-5635c4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LifeMD Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, March 16, 2021 (GLOBE NEWSWIRE) — LifeMD, Inc.\u00a0(NASDAQ: LFMD), a leading direct-to-patient telehealth company, announced that the Compensation Committee of the Company\u2019s Board of Directors granted an equity award to a new employee with a grant date of March 15, 2021, as an equity inducement award outside of the Company\u2019s 2020 Equity and Incentive Plan (but under the terms of the 2020 Equity and Incentive Plan) and material to the employee\u2019s acceptance of employment with the company. The equity award was approved on March 15, 2021, in accordance with Nasdaq Listing Rule 5635(c)(4). The employee received options to purchase an aggregate of 90,000 shares of LifeMD, Inc. common stock. 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