Voyager Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
29 August 2024 - 10:01PM
Voyager Therapeutics, Inc. (Nasdaq: VYGR), a biotechnology company
dedicated to advancing neurogenetic medicines, has entered into an
employment agreement with a newly hired employee that, among other
things, provides for the grant to such employee of a non-qualified
stock option and restricted stock units as an inducement material
to such employee’s entering into employment with Voyager. The
inducement awards were approved by the Compensation Committee of
Voyager’s Board of Directors in accordance with Nasdaq Stock Market
Listing Rule 5635(c)(4). The option award became effective on
August 28, 2024, and the restricted stock unit award is scheduled
to become effective on October 1, 2024.
The stock option award provides for the purchase of an aggregate
of 40,000 shares of Voyager’s common stock, and the restricted
stock unit award will represent 20,000 shares of Voyager’s common
stock. The stock option has a ten-year term and an exercise price
of $6.49 per share, which is equal to the closing price of
Voyager's common stock on August 28, 2024, the effective date of
grant. The stock option vests over four years, with 25% of the
shares underlying the stock option vesting on the first anniversary
of the effective date of grant and 75% of the shares underlying the
stock option vesting in 36 equal monthly installments following the
first anniversary of the effective date of grant. The restricted
stock unit award vests annually in equal installments over three
years, beginning on the first anniversary of the effective date of
grant. Vesting of the equity awards is subject to the employee’s
continued employment with Voyager. Each equity award is also
subject to the terms and conditions of an award agreement.
About Voyager TherapeuticsVoyager Therapeutics,
Inc. (Nasdaq: VYGR) is a biotechnology company dedicated to
leveraging the power of human genetics to modify the course of –
and ultimately cure – neurological diseases. Our pipeline includes
programs for Alzheimer’s disease, amyotrophic lateral sclerosis
(ALS), Parkinson’s disease, and multiple other diseases of the
central nervous system. Many of our programs are derived from our
TRACER™ AAV capsid discovery platform, which we have used to
generate novel capsids and identify associated receptors to
potentially enable high brain penetration with genetic medicines
following intravenous dosing. Some of our programs are wholly
owned, and some are advancing with partners including Alexion,
AstraZeneca Rare Disease; Novartis Pharma AG; Neurocrine
Biosciences, Inc.; and Sangamo Therapeutics, Inc. For more
information, visit www.voyagertherapeutics.com.
Voyager Therapeutics® is a registered trademark, and TRACER™ is
a trademark, of Voyager Therapeutics, Inc.
ContactsTrista Morrison, NACD.DC,
tmorrison@vygr.com Investors: Adam Bero, Ph.D., abero@kendallir.com
Media: Brooke Shenkin, brooke@scientpr.com
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