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

Rhea-AI Summary

FuboTV (NYSE: FUBO) announced that its Compensation Committee granted restricted stock unit awards totaling 32,269 shares to six new employees on November 25, 2024. The awards, granted under Fubo's 2024 Employment Inducement Equity Incentive Plan, will vest annually over four years, contingent on continued employment. Fubo, operating in the U.S., Canada, Spain, and France, is a sports-first cable TV replacement service offering over 400 live sports, news, and entertainment networks, featuring every Nielsen-rated sports channel in the U.S.

Positive

• First virtual MVPD to launch 4K streaming and Multiview technology
• Comprehensive sports coverage with all Nielsen-rated sports channels
• Extensive content offering with 400+ live sports, news, and entertainment networks

Negative

• Stock dilution through new share issuance of 32,269 RSUs

NEW YORK--(BUSINESS WIRE)-- FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on November 25, 2024, the Compensation Committee of Fubo’s Board of Directors granted restricted stock unit awards covering an aggregate of 32,269 shares of its common stock to six new employees to induce them to join Fubo. The awards were granted under Fubo’s 2024 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/20241202278234/en/

Investor Contacts



Ameet Padte, Fubo

ameet@fubo.tv



JCIR for Fubo

ir@fubo.tv



Media Contacts



Jennifer L. Press, Fubo

jpress@fubo.tv



Bianca Illion, Fubo

billion@fubo.tv

Source: fuboTV

FAQ

How many shares did Fubo (FUBO) grant in restricted stock units on November 25, 2024?

Fubo granted 32,269 shares in restricted stock units to six new employees.

What is the vesting schedule for Fubo's (FUBO) November 2024 restricted stock unit awards?

The restricted stock unit awards vest annually over a four-year period, subject to continued employment.

How many live networks does Fubo (FUBO) offer in the United States?

Fubo offers more than 400 live sports, news, and entertainment networks in the United States.