Marinus Pharmaceuticals Announces Inducement Grants Under Nasdaq Listing Rule 5635(C)(4)
October 08 2024 - 3:04PM
Business Wire
Marinus Pharmaceuticals, Inc. (Nasdaq: MRNS), a pharmaceutical
company dedicated to the development of innovative therapeutics to
treat seizure disorders, today announced the grant of inducement
awards to one new employee. The Compensation Committee of the Board
of Directors of Marinus approved the grant of non-qualified stock
options to purchase an aggregate of 9,800 shares of its common
stock (the “Common Stock”) as inducements material to the employees
entering into employment with the Company in accordance with Nasdaq
Listing Rule 5635(c)(4).
These stock option grants have an exercise price of $1.85 per
share, which is equal to the closing price of the Common Stock on
October 7, 2024 (date of grant for such stock options). All of the
stock options will vest and become exercisable as to 25% of the
underlying shares on the one-year anniversary of the applicable
employee’s start date of employment and will vest and become
exercisable as to the remaining 75% of the underlying shares of
Common Stock in 36 equal monthly installments thereafter on each
monthly anniversary, subject to the applicable employee’s continued
employment with Marinus on such vesting dates. These stock options
were granted as an inducement material to the employee entering
into employment with Marinus in accordance with Nasdaq Listing Rule
5635(c)(4) and are subject to the terms and conditions of the
applicable award agreement covering such grant.
About Marinus Pharmaceuticals Marinus is a
commercial-stage pharmaceutical company dedicated to the
development of innovative therapeutics for seizure disorders. The
Company’s product, ZTALMY® (ganaxolone) oral suspension CV, is an
FDA-approved prescription medication introduced in the U.S. in
2022. For more information about Marinus visit
www.marinuspharma.com.
Forward-Looking Statements To the extent that statements
contained in this press release are not descriptions of historical
facts regarding Marinus, they are forward-looking statements
reflecting the current beliefs and expectations of management made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Words such as “may”, “will”,
“expect”, “anticipate”, “estimate”, “intend”, “believe”, and
similar expressions (as well as other words or expressions
referencing future events, conditions or circumstances) are
intended to identify forward-looking statements. Forward-looking
statements in this press release involve substantial risks and
uncertainties that could cause our clinical development programs,
future results, performance or achievements to differ significantly
from those expressed or implied by the forward-looking statements.
Marinus undertakes no obligation to update or revise any
forward-looking statements. For a further description of the risks
and uncertainties that could cause actual results to differ from
those expressed in these forward-looking statements, as well as
risks relating to the business of the Company in general, see
filings Marinus has made with the Securities and Exchange
Commission.
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Investors Sonya Weigle Chief People
and Investor Relations Officer Marinus Pharmaceuticals, Inc.
sweigle@marinuspharma.com
Media Molly Cameron Director,
Corporate Communications and Investor Relations Marinus
Pharmaceuticals, Inc. mcameron@marinuspharma.com
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