Fubo Announces Inducement Grants Under NYSE Listing Rule 303A.08

Rhea-AI Summary

FuboTV (NYSE: FUBO), a leading sports-first live TV streaming platform, announced on June 17, 2024, that it has granted restricted stock unit awards to three new employees. These awards cover an aggregate of 14,591 shares of common stock and were granted under the company's 2023 Employment Inducement Equity Incentive Plan. The awards vest annually over four years, contingent upon continued employment.

FuboTV operates in the U.S., Canada, Spain, and France, offering more than 400 live sports, news, and entertainment networks. The platform is optimized for live TV and sports viewership and features proprietary technology, including 4K streaming and AI-generated Instant Headlines. FuboTV aims to aggregate premium content into a single app, transcending the traditional TV model.

Positive

• Granted inducement awards could attract and retain skilled employees.
• FuboTV offers over 400 live sports, news, and entertainment networks.
• The platform features cutting-edge technology like 4K streaming and AI-generated Instant Headlines.
• FuboTV operates in multiple regions including the U.S., Canada, Spain, and France.
• The company provides a sports-first cable TV replacement product.

Negative

• Inducement grants result in shareholder dilution by adding 14,591 shares to the market.
• The awards vest over four years, which can be a long-term liability.
• Continued dependence on attracting and retaining skilled employees through stock incentives.
• Potential risk associated with heavy investment in proprietary technology and features.

NEW YORK--(BUSINESS WIRE)-- FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on June 17, 2024, the Compensation Committee of Fubo’s Board of Directors granted restricted stock unit awards covering an aggregate of 14,591 shares of its common stock to three new employees to induce them to join Fubo. The awards were granted under Fubo’s 2023 Employment Inducement Equity Incentive Plan, and vest annually over a four-year period following their grant, subject to continued employment. The awards were granted as employment inducement awards pursuant to the New York Stock Exchange rules.

About Fubo

With a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app, FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO) aims to transcend the industry’s current TV model. The company operates Fubo in the U.S., Canada and Spain and Molotov in France.

In the U.S., Fubo is a sports-first cable TV replacement product that aggregates more than 400 live sports, news and entertainment networks and is the only live TV streaming platform with every Nielsen-rated sports channel (source: Nielsen Total Viewers, 2023). Leveraging Fubo’s proprietary data and technology platform optimized for live TV and sports viewership, subscribers can engage with the content they are watching through an intuitive and personalized streaming experience. It was the first virtual MVPD to launch 4K streaming and MultiView, which it did years ahead of its peers, as well as Instant Headlines, a first-of-its-kind AI feature that generates contextual news topics as they are reported live on air.

Learn more at https://fubo.tv

View source version on businesswire.com: https://www.businesswire.com/news/home/20240617789954/en/

Investor

Ameet Padte, Fubo

ameet@fubo.tv



JCIR for Fubo

ir@fubo.tv



Media

Jennifer L. Press, Fubo

jpress@fubo.tv



Bianca Illion, Fubo

billion@fubo.tv

Source: fuboTV

FAQ

What are the details of FuboTV's recent stock unit awards?

On June 17, 2024, FuboTV granted restricted stock unit awards covering 14,591 shares to three new employees under its 2023 Employment Inducement Equity Incentive Plan.

What is the vesting period for FuboTV's recent stock awards?

The stock awards granted to the new employees will vest annually over a four-year period, subject to continued employment.

How many live networks does FuboTV offer?

FuboTV offers more than 400 live sports, news, and entertainment networks.

What regions does FuboTV operate in?

FuboTV operates in the U.S., Canada, and Spain, with Molotov in France.

What unique features does FuboTV offer?

FuboTV provides 4K streaming, MultiView, and AI-generated Instant Headlines.