Standard BioTools Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
May 20 2024 - 7:00AM
Standard BioTools Inc. (“Standard BioTools”) (Nasdaq:LAB) today
announced that the Human Capital Committee of its Board of
Directors, which is composed entirely of independent directors,
granted an equity award effective as of May 20, 2024, under
the Standard BioTools Inc. 2022 Inducement Equity
Incentive Plan (Plan). The equity award consisted of an award of
207,832 restricted stock units (RSUs) as a material inducement to a
new employee entering into employment with Standard BioTools.
The RSU award was approved in accordance with Nasdaq Listing Rule
5635(c)(4).
With respect to the RSUs, 1/4th of the total number of shares of
common stock underlying the RSUs will initially vest on May 20,
2025 and 1/16th of the shares underlying the RSUs will vest every
three months after the initial vesting date until fully vested;
provided, however, that if a vesting date would otherwise fall on a
day when the national stock exchange upon which the shares are
listed is not open for trading, vesting will occur on the first
trading day thereafter. Vesting in all instances is subject to the
new employee’s continued service with Standard BioTools through
each applicable vesting date, in addition to the other terms and
conditions of the Plan and the RSU agreement covering the
grant.
About Standard BioTools Inc.
Standard BioTools Inc. (Nasdaq:LAB), the parent company of
SomaLogic Inc. and previously known as Fluidigm Corporation, has an
established portfolio of essential, standardized next-generation
technologies that help biomedical researchers develop medicines
faster and better. As a leading solutions provider, the company
provides reliable and repeatable insights in health and disease
using its proprietary mass cytometry and microfluidics
technologies, which help transform scientific discoveries into
better patient outcomes. Standard BioTools works with leading
academic, government, pharmaceutical, biotechnology, plant and
animal research and clinical laboratories worldwide, focusing on
the most pressing needs in translational and clinical research,
including oncology, immunology and immunotherapy. Learn more at
standardbio.com or connect with us on X, Facebook®, LinkedIn, and
YouTube™.
For Research Use Only. Not for use in diagnostic procedures.
Limited Use Label License and other terms may apply:
www.standardbio.com/legal/salesterms. Patent and License
Information: www.standardbio.com/legal/notices. Trademarks:
www.standardbio.com/legal/trademarks. Any other trademarks are the
sole property of their respective owners. ©2024 Standard BioTools
Inc. (f.k.a. Fluidigm Corporation). All rights reserved.
Investor Contacts:
David HolmesGilmartin Group LLC(332)
330-1031ir@standardbio.com
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