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FuboTV Announces Inducement Grants Under NYSE Listing Rule 303A.08
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
FuboTV Inc. (NYSE: FUBO) announced on November 21, 2022, that its Compensation Committee granted restricted stock units totaling 58,472 shares to four new employees under its 2022 Employment Inducement Equity Incentive Plan. These awards vest annually over four years, contingent on continued employment. The issuance is compliant with New York Stock Exchange rules and aims to attract talent to enhance FuboTV's sports-first live TV streaming platform. FuboTV continues to expand its market presence in the U.S., Canada, France, and Spain.
Positive
Attraction of talent through restricted stock units.
Compliance with New York Stock Exchange rules reinforces corporate governance.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced that on November 21, 2022, the Compensation Committee of FuboTV’s Board of Directors granted restricted stock unit awards covering an aggregate of 58,472 shares of its common stock to four new employees to induce them to join FuboTV. The awards were granted under FuboTV’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 FuboTV
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. FuboTV Inc. operates in the U.S., Canada, France and Spain.
Leveraging its proprietary data and technology platform optimized for live TV and sports viewership, FuboTV Inc. aims to turn passive viewers into active participants and define a new category of interactive sports and entertainment television. In the U.S., the company's sports-first cable TV replacement product, FuboTV, aggregates more than 125 live sports, news and entertainment networks and is the only live TV streaming platform with every Nielsen-rated sports channel (source: Nielsen Total Viewers, 2021). Subscribers can engage with the content they are watching on FuboTV 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 on up to four screens (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), FuboTV 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.
