An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Fubo Announces Inducement Grants Under NYSE Listing Rule 303A.08
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
FuboTV Inc. (NYSE: FUBO) announced on April 14, 2023, that its Compensation Committee granted restricted stock unit awards covering 18,492 shares of common stock to two new employees. This move aims to entice new talent to the company. Additionally, a correction was made regarding a previous press release dated February 23, 2023, where the number of shares granted to five new employees was amended from 58,472 to 57,650. The awards are part of Fubo’s 2022 Employment Inducement Equity Incentive Plan and will vest over a four-year period with continued employment.
FuboTV focuses on becoming a leading live TV streaming platform, offering over 175 live sports, news, and entertainment networks, making it a unique service in the industry.
Positive
Granting of 18,492 restricted stock units to attract new employees indicates growth and employee investment.
Updated figures reflect transparency and accuracy in reporting previous stock awards.
Negative
Correction in previously reported figures could raise concerns about the accuracy of internal communications.
NEW YORK--(BUSINESS WIRE)--
FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on April 14, 2023, the Compensation Committee of Fubo’s Board of Directors granted restricted stock unit awards covering an aggregate of 18,492 shares of its common stock to two new employees to induce them to join the company. Please note that in a previous press release issued on February 23, 2023, the aggregate number of restricted stock unit awards granted to five new employees to induce them to join Fubo was 57,650, not 58,472, as previously stated. In each case, the awards were granted under Fubo’s 2022 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 mission to build the world’s leading global live TV streaming platform with the greatest breadth of premium content and interactivity, FuboTV Inc. (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 175 live sports, news and entertainment networks and is the only live TV streaming platform with every Nielsen-rated sports channel (source: Nielsen Total Viewers, 2022). 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 interactive product features like FanView, an in-video experience showcasing live game, team and player stats and scores in real time. Fubo was also the first virtual MVPD to enable simultaneous viewing of up to four live channels (Multiview on Apple TV) as well the first to stream in 4K HDR.
Ranked #1 in Customer Satisfaction among Live TV Streaming Providers by J.D. Power (2022), Fubo has been called “a force in sports streaming” by Forbes, “the best streaming service for sports aficionados” by Tom’s Guide and was heralded by CNET for its “ease of use.” Learn more at https://fubo.tv.
