ATEC to Report Second Quarter Financial Results on July 31, 2024

Rhea-AI Summary

Alphatec Holdings (Nasdaq: ATEC) announced it will report its Q2 2024 financial results on July 31, 2024, after the market close. A live webcast will be hosted at 1:30 p.m. PT / 4:30 p.m. ET, accessible through the Investor Relations section of the company's website. Participants can dial into the webcast after registering online, and a replay will be available for twelve months.

In related news, ATEC's independent Compensation Committee approved inducement grants for 30 new employees, totaling 47,112 restricted stock units (RSUs). These RSUs will vest annually over four years, contingent on continuous employment, and will fully vest upon a change of control of the company.

Positive

• ATEC's announcement of Q2 2024 financial results date provides transparency and may boost investor confidence.
• Inducement grants of 47,112 RSUs to 30 new employees could help attract and retain talent, potentially positively impacting company performance.

Negative

• No specific financial data or performance indicators provided in the PR could lead to investor uncertainty.

CARLSBAD, Calif.--(BUSINESS WIRE)-- Alphatec Holdings, Inc. (Nasdaq: ATEC), a provider of innovative solutions dedicated to revolutionizing the approach to spine surgery, announced today that it will report second quarter 2024 financial results on July 31, 2024, after the market close. The Company will host a live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET.

Webcast

To access the live webcast, please visit the Investor Relations Section of ATEC’s Corporate Website.

Dial-in

To dial into the live webcast, please register at this link. Access details will be shared via email.

Replay

A replay of the webcast will remain available through the Investor Relations Section of ATEC’s Corporate Website for twelve months.

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 30 new employees (who are not executive officers) of, collectively, 47,112 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240710627317/en/

Investor/Media Contact:

Tina Jacobsen, CFA

Investor Relations

(760) 494-6790

investorrelations@atecspine.com

Company Contact:

J. Todd Koning

Chief Financial Officer

investorrelations@atecspine.com

Source: Alphatec Holdings, Inc.

FAQ

When will ATEC report Q2 2024 financial results?

ATEC will report Q2 2024 financial results on July 31, 2024, after market close.

How can I access the ATEC Q2 2024 financial results webcast?

You can access the live webcast through the Investor Relations section of ATEC's corporate website at 1:30 p.m. PT / 4:30 p.m. ET on July 31, 2024.

What are the details of the inducement grants announced by ATEC?

ATEC's Compensation Committee approved grants of 47,112 RSUs to 30 new employees, vesting over four years and fully upon a change of control.

What is the stock symbol for Alphatec Holdings?

The stock symbol for Alphatec Holdings is ATEC.

Will there be a replay available for the ATEC Q2 2024 financial results webcast?

Yes, a replay of the webcast will be available on ATEC's Investor Relations website for twelve months.