{"id":791318,"date":"2024-11-29T16:47:10","date_gmt":"2024-11-29T21:47:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/adicet-bio-reports-inducement-grant-under-nasdaq-listing-rule-5635c4\/"},"modified":"2024-11-29T16:47:10","modified_gmt":"2024-11-29T21:47:10","slug":"adicet-bio-reports-inducement-grant-under-nasdaq-listing-rule-5635c4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/adicet-bio-reports-inducement-grant-under-nasdaq-listing-rule-5635c4\/","title":{"rendered":"Adicet Bio Reports Inducement Grant under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"

<\/p>\n

Adicet Bio Reports Inducement Grant under Nasdaq Listing Rule 5635(c)(4)<\/b><\/p>\n

REDWOOD CITY, Calif. & BOSTON–(BUSINESS WIRE<\/a>)–
\nAdicet Bio, Inc. (Nasdaq: ACET), a clinical stage biotechnology company discovering and developing allogeneic gamma delta T cell therapies for autoimmune diseases and cancer, today announced it granted an inducement award on November 29, 2024.<\/p>\n

\nOne individual was hired by Adicet in November 2024 and granted new hire non-qualified stock options to purchase 6,000 shares of Adicet\u2019s common stock with an exercise price of $1.13 per share, the closing price of Adicet\u2019s common stock as reported by Nasdaq on November 29, 2024. One-fourth of the shares underlying the employee\u2019s option will vest on the one-year anniversary of the recipient\u2019s start date and thereafter the remaining three-fourths of the shares underlying the employee\u2019s option will vest in thirty-six substantially equal monthly installments, such that the shares underlying the option granted to the employee will be fully vested on the fourth anniversary of the recipient\u2019s start date, subject to the employee\u2019s continued employment with Adicet on such vesting dates.<\/p>\n

\nThe above-described award was granted outside of Adicet\u2019s stockholder-approved equity incentive plans pursuant to Adicet\u2019s 2022 Inducement Plan (the Inducement Plan), which was adopted by the board of directors in January 2022 and subsequently amended in January 2023. The award was authorized by the compensation committee of the board of directors, which is comprised solely of independent directors, as a material inducement to the employee entering into employment with Adicet in accordance with Nasdaq Listing Rule 5635(c)(4).<\/p>\n

About Adicet Bio, Inc.<\/b><\/p>\n

\nAdicet Bio, Inc. is a clinical stage biotechnology company discovering and developing allogeneic gamma delta T cell therapies for autoimmune diseases and cancer. Adicet is advancing a pipeline of \u201coff-the-shelf\u201d gamma delta T cells, engineered with chimeric antigen receptors (CARs), to facilitate durable activity in patients. For more information, please visit our website at https:\/\/www.adicetbio.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241129244517\/en\/<\/a><\/span><\/p>\n

Adicet Bio, Inc.
\n<\/b>
Investor and Media Contacts<\/b><\/p>\n

I<\/b>nvestors:
\n<\/b>
Anne Bowdidge
\n
abowdidge@adicetbio.com<\/a><\/p>\n

\nJanhavi Mohite
\n
Precision AQ
\n
212-362-1200
\n
janhavi.mohite@precisionaq.com<\/a><\/p>\n

Media:
\n<\/b>
Kerry Beth Daly
\n
kbdaly@adicetbio.com<\/a><\/p>\n

KEYWORDS:<\/b> California Massachusetts United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Oncology Health Research Pharmaceutical Science Biotechnology<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Adicet Bio Reports Inducement Grant under Nasdaq Listing Rule 5635(c)(4) REDWOOD CITY, Calif. & BOSTON–(BUSINESS WIRE)– Adicet Bio, Inc. (Nasdaq: ACET), a clinical stage biotechnology company discovering and developing allogeneic gamma delta T cell therapies for autoimmune diseases and cancer, today announced it granted an inducement award on November 29, 2024. One individual was hired by Adicet in November 2024 and granted new hire non-qualified stock options to purchase 6,000 shares of Adicet\u2019s common stock with an exercise price of $1.13 per share, the closing price of Adicet\u2019s common stock as reported by Nasdaq on November 29, 2024. One-fourth of the shares underlying the employee\u2019s option will vest on the one-year anniversary of the recipient\u2019s start date and thereafter the … <\/p>\n

Continue reading “Adicet Bio Reports 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-791318","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAdicet Bio Reports 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\/adicet-bio-reports-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=\"Adicet Bio Reports Inducement Grant under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Adicet Bio Reports Inducement Grant under Nasdaq Listing Rule 5635(c)(4) REDWOOD CITY, Calif. & BOSTON–(BUSINESS WIRE)– Adicet Bio, Inc. (Nasdaq: ACET), a clinical stage biotechnology company discovering and developing allogeneic gamma delta T cell therapies for autoimmune diseases and cancer, today announced it granted an inducement award on November 29, 2024. One individual was hired by Adicet in November 2024 and granted new hire non-qualified stock options to purchase 6,000 shares of Adicet\u2019s common stock with an exercise price of $1.13 per share, the closing price of Adicet\u2019s common stock as reported by Nasdaq on November 29, 2024. 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