Senti Biosciences Announces New Employment Inducement Grants

Company Overview - Senti Biosciences, Inc. is a clinical-stage biotechnology company focused on developing next-generation cell and gene therapies using its proprietary Gene Circuit platform [3] - The company aims to create therapies that precisely target cancer cells while sparing healthy cells, enhancing specificity, and controlling drug expression post-administration [3] - Senti Bio's pipeline includes off-the-shelf CAR-NK cells equipped with Gene Circuits for targeting difficult liquid and solid tumors, and it has shown preclinical success in T cells and other modalities [3] Recent Developments - On November 26, 2024, Senti Bio's Compensation Committee granted stock options to three new employees, totaling 49,778 shares at an exercise price of $2.11 per share [1] - These stock options were awarded as an inducement for the employees to join the company, in compliance with NASDAQ Listing Rule 5635(c)(4) [2] - The stock options were granted under the Company's 2022 Inducement Equity Plan, which was adopted on August 5, 2022 [2]