ImmunoPrecise Antibodies Announces Grant of Stock Options

Rhea-AI Summary

ImmunoPrecise Antibodies Ltd. (IPA) announced the grant of 15,000 stock options to a company officer on January 13, 2022. Each option, priced at Cdn $8.30, allows for the acquisition of up to 15,000 common shares, with a vesting schedule of one-third every two months. This strategic move enhances the company's ability to attract and retain talent while aligning employee interests with shareholder value. ImmunoPrecise focuses on advancing innovative therapeutic antibody discovery to tackle complex disease targets.

Positive

• Granting stock options aligns employee interests with shareholder value.
• Strategically positions the company to attract and retain talent.

Negative

• None.

VICTORIA, British Columbia--(BUSINESS WIRE)-- IMMUNOPRECISE ANTIBODIES LTD. (“IPA” or the “Company”) (NASDAQ: IPA) (TSXV: IPA), a leader in full-service, therapeutic antibody discovery, today announced that on January 13, 2022 its board of directors approved the grant of 15,000 stock options (the “Options”) under its stock option plan to acquire up to an aggregate of 15,000 common shares in the capital of IPA (“Common Shares”). The Options were granted to a certain officer of IPA. Each Option is exercisable for a period of six months from the date of grant at an exercise price of Cdn $8.30 per Common Share. One third of the Options granted to the officer will vest every two months from the date of grant.

ImmunoPrecise Antibodies Ltd.

ImmunoPrecise is an innovation-driven technology platform company that supports its business partners in their quest to discover and develop novel antibodies against a broad range of classes of disease targets. The Company aims to transform the conventional multi-vendor antibody discovery model by providing a comprehensive suite of services tailored to optimize antibody genetic diversity and epitope coverage, to discover antibodies against rare and/or challenging epitopes. For further information, visit www.immunoprecise.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220117005124/en/

LifeSci Advisors

John Mullaly

Email: jmullaly@lifesciadvisors.com

Source: ImmunoPrecise Antibodies Ltd.

FAQ

What is the stock option grant by IPA about?

On January 13, 2022, ImmunoPrecise Antibodies Ltd. granted 15,000 stock options to a company officer, priced at Cdn $8.30 per share.

How many stock options were granted by IPA?

ImmunoPrecise granted a total of 15,000 stock options to a certain officer.

What is the vesting schedule for the stock options granted by IPA?

One-third of the stock options will vest every two months from the date of grant.

What is the significance of the stock options for IPA?

The grant of stock options is aimed at attracting and retaining talent while aligning employee interests with shareholder value.