ATEC to Present at Upcoming Conferences
Alphatec Holdings, Inc. (Nasdaq: ATEC) will be participating in several investor conferences in May and June 2024. The company also granted 14,024 restricted stock units to new employees as an inducement to accepting employment, which will vest in equal annual installments on each of the first four anniversaries of the grant date, contingent on the recipient's continuous employment with ATEC.
Participation in investor conferences provides ATEC with opportunities to showcase its innovative solutions and potentially attract investors.
The granting of 14,024 restricted stock units to new employees may lead to potential dilution for existing shareholders in the event of full vesting or a change of control of the company.
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The Bank of America Healthcare Conference at the Encore Hotel in
Las Vegas, NV , on May 15, 2024, at 1:40pm PT -
The Barclays MedTech West Coast Bus Tour at the Fairmont Grand in
Del Mar, CA , on May 20, 2024, at 8:00am PT -
The Wells Fargo West Coast MedTech Tour at the Lodge at
Torrey Pines inLa Jolla, CA , on May 30, 2024, at 11:40am PT -
The Jefferies Health Care Conference in
New York, NY , on June 5, 2024, at 4:00pm ET
The live webcasts will be accessible on ATEC’s Investor Relations website.
Inducement Awards Granted
As an inducement material to accepting employment with the Company, and in accordance with Nasdaq Listing Rule 5635(c)(4), ATEC today announced that the independent Compensation Committee of the Board of Directors has approved aggregate grants to 14 new employees (who are not executive officers) of, collectively, 14,024 restricted stock units (“RSUs”) under the Company’s 2016 Employment Inducement Award Plan. The RSUs will vest in equal annual installments on each of the first four anniversaries of the grant date, provided that the recipient remains continuously employed by ATEC as of such vesting date. In addition, the RSUs will vest fully upon a change of control of ATEC.
About ATEC
ATEC, through its wholly owned subsidiaries, Alphatec Spine, Inc., EOS imaging S.A.S. and SafeOp Surgical, Inc., is a medical device company dedicated to revolutionizing the approach to spine surgery through clinical distinction. ATEC’s Organic Innovation MachineTM is focused on developing new approaches that integrate seamlessly with the Company’s expanding AlphaInformatiX Platform to better inform surgery and more safely and reproducibly achieve the goals of spine surgery. ATEC’s vision is to become the Standard Bearer in Spine. For more information, visit us at www.atecspine.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240502213163/en/
Investor/Media Contact:
Tina Jacobsen, CFA
Investor Relations
(760) 494-6790
investorrelations@atecspine.com
Company Contact:
J. Todd Koning
Chief Financial Officer
Alphatec Holdings, Inc.
investorrelations@atecspine.com
Source: Alphatec Holdings, Inc.
FAQ
When will Alphatec Holdings, Inc. (Nasdaq: ATEC) be participating in the Bank of America Healthcare Conference?
How many restricted stock units were granted to new employees as an inducement by ATEC?
When will the granted restricted stock units vest for the new employees at ATEC?
Where can the live webcasts of the investor conferences be accessed for ATEC?
