Core Points - Rapid Micro Biosystems, Inc. announced the grant of equity awards to new employees as part of its Inducement Plan, including 50,000 restricted stock units (RSUs) and 250,000 stock options [1][4] - The stock options have an exercise price of $2.27 per share, with a vesting schedule that includes 25% vesting on the first anniversary and monthly vesting thereafter [2] - The RSUs will vest annually over a three-year period, with one-third vesting on each anniversary of their grant dates [3] Company Overview - Rapid Micro Biosystems is a life sciences technology company that provides automation solutions for the manufacturing and release of healthcare products, including biologics, vaccines, and sterile injectables [5] - The company's flagship product, the Growth Direct system, modernizes microbial quality control testing workflows in pharmaceutical manufacturing, enhancing efficiency, accuracy, and compliance [5] - The company is headquartered in Lexington, Massachusetts, with manufacturing in Lowell, Massachusetts, and additional locations in Switzerland, Germany, and the Netherlands [5]
Rapid Micro Biosystems Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)