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Tenaya Therapeutics Reports Inducement Grants under NASDAQ Listing Rule 5635(c)(4)

Company Overview - Tenaya Therapeutics Inc. is a clinical-stage biotechnology company focused on discovering, developing, and delivering potentially curative therapies for heart disease [3] - The company employs integrated capabilities such as target validation, capsid engineering, and manufacturing to create genetic medicines for both rare genetic disorders and common heart conditions [3] Recent Developments - On May 15, 2025, Tenaya granted stock options to purchase a total of 461,000 shares of common stock to three new non-executive employees as part of their employment commencement [1] - The stock options have an exercise price of $0.4373 per share, equal to the closing price on the grant date, and will vest over four years [1][2] Product Pipeline - Tenaya's pipeline includes: - TN-201: A gene therapy for MYBPC3-associated hypertrophic cardiomyopathy (HCM) - TN-401: A gene therapy for PKP2-associated arrhythmogenic right ventricular cardiomyopathy (ARVC) - TN-301: A small molecule HDAC6 inhibitor for heart failure with preserved ejection fraction (HFpEF) - Multiple early-stage programs in preclinical development [3]