Dianthus Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

Dianthus Therapeutics, Inc. announced the granting of equity awards to two new non-executive employees as inducements for their employment. The awards comprised non-qualified stock options for a total of 52,000 shares, with a 10-year term and an exercise price of $22.53 per share. The options vest gradually over a 3-year period, subject to specific conditions.

NEW YORK and WALTHAM, Mass., May 03, 2024 (GLOBE NEWSWIRE) -- Dianthus Therapeutics, Inc. (“Dianthus”), a clinical-stage biotechnology company dedicated to advancing the next generation of antibody complement therapeutics to treat severe autoimmune diseases, today announced that it granted equity awards on May 1, 2024, to two newly-hired, non-executive employees. The inducement grants were approved by the Company's independent Compensation Committee and were made as material inducements to acceptance of employment with Dianthus in accordance with Nasdaq Listing Rule 5635(c)(4).

The inducement grants consist of non-qualified stock options to purchase an aggregate of 52,000 shares of the Company's common stock with a 10-year term and an exercise price of $22.53 per share. The options vest as to 25% on the first anniversary of the vesting commencement date and in equal monthly installments for the following 36 months. The inducement grants are subject to the terms and conditions of the Dianthus Therapeutics, Inc. Equity Inducement Plan, and the terms and conditions of a stock option agreement.

About Dianthus Therapeutics

Dianthus Therapeutics is a clinical-stage biotechnology company dedicated to designing and delivering novel, best-in-class monoclonal antibodies with improved selectivity and potency. Based in New York City and Waltham, Mass., Dianthus is comprised of an experienced team of biotech and pharma executives who are leading the development of next-generation antibody complement therapeutics, aiming to deliver transformative medicines for people living with severe autoimmune and inflammatory diseases.

 To learn more, please visit www.dianthustx.com and follow us on LinkedIn. 

Contact
Jennifer Davis Ruff
Dianthus Therapeutics
jdavisruff@dianthustx.com

FAQ

What did Dianthus Therapeutics announce regarding equity awards?

Dianthus Therapeutics announced the granting of equity awards to two new non-executive employees.

How many shares were included in the equity awards?

The equity awards consisted of non-qualified stock options for 52,000 shares.

What is the exercise price per share for the stock options?

The exercise price per share for the stock options is $22.53.

How long is the term for the stock options?

The stock options have a 10-year term.

What is the vesting schedule for the options?

The options vest as to 25% on the first anniversary of the vesting commencement date and in equal monthly installments for the following 36 months.