electroCore Announces Inducement Grant under NASDAQ Listing Rule 5635(c)(4)
November 08 2024 - 3:01PM
electroCore, Inc. (the “Company”), (NASDAQ: ECOR), a
commercial-stage bioelectronic medicine and wellness company, today
announced that Thomas Freeburg will join electroCore, effective
November 11, 2024, as the Company’s VP, Corporate Controller. The
Compensation Committee of electroCore’s Board of Directors granted
5,000 restricted stock units (“RSUs”) to Mr. Freeburg in connection
with the commencement of his employment. The RSUs were granted as
an inducement material to Mr. Freeburg’s commencement of employment
pursuant to NASDAQ Listing Rule 5635(c)(4). 33% of the RSUs will
vest on each of the first, second and third anniversaries of the
date of grant, subject to Mr. Freeburg’s continued employment by
the Company on the applicable vesting date. Upon vesting, the RSUs
shall be settled in shares of the Company’s common stock.
About electroCore, Inc.
electroCore, Inc. is a commercial stage bioelectronic medicine
and wellness company dedicated to improving health and promoting
general wellness through its non-invasive vagus nerve stimulation
(“nVNS”) technology platform. The company’s is focused on the
commercialization of medical devices for the management and
treatment of certain medical conditions and consumer product
offerings utilizing nVNS to promote general wellbeing and human
performance in the United States and select overseas markets.
For more information, visit www.electrocore.com.
Contact:ECOR Investor Relations(973)
302-9253investors@electrocore.com
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