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Arcutis Biotherapeutics, Inc., a biopharmaceutical company, has successfully completed its tender offer to exchange certain outstanding stock options for new restricted stock units (RSUs). The offer, which was part of the company's 2020 Equity Incentive Plan, expired on February 12, 2024, and was directed at eligible employees and consultants. A total of 208 participants elected to take part in the exchange, which resulted in the cancellation of options to purchase approximately 5,063,689 shares of common stock, representing about 98% of the total shares underlying the eligible options. In return, Arcutis granted 2,131,874 Replacement RSU Awards. The final results of the offer were filed with the U.S. Securities and Exchange Commission on February 15, 2024, as detailed in Amendment No. 2 to Schedule TO. The vesting terms of the Replacement RSU Awards were provided in the Offer to Exchange documentation.
Arcutis Biotherapeutics, Inc., a biopharmaceutical company, has successfully completed its tender offer to exchange certain outstanding stock options for new restricted stock units (RSUs). The offer, which was part of the company's 2020 Equity Incentive Plan, expired on February 12, 2024, and was directed at eligible employees and consultants. A total of 208 participants elected to take part in the exchange, which resulted in the cancellation of options to purchase approximately 5,063,689 shares of common stock, representing about 98% of the total shares underlying the eligible options. In return, Arcutis granted 2,131,874 Replacement RSU Awards. The final results of the offer were filed with the U.S. Securities and Exchange Commission on February 15, 2024, as detailed in Amendment No. 2 to Schedule TO. The vesting terms of the Replacement RSU Awards were provided in the Offer to Exchange documentation.
生物制药公司Arcutis Biotherapeutics, Inc. 已成功完成将某些未偿还股票期权换成新的限制性股票单位（RSU）的要约。该提议是公司2020年股权激励计划的一部分，于2024年2月12日到期，面向符合条件的员工和顾问。共有208名参与者选择参与该交易所，这导致购买约5,063,689股普通股的期权被取消，约占合格期权所依据股份总数的98％。作为回报，Arcutis授予了2,131,874份替代RSU奖励。该要约的最终结果已于2024年2月15日提交给美国证券交易委员会，详见附表TO第2号修正案。替代RSU奖励的归属条款在交易所要约文件中提供。
生物制药公司Arcutis Biotherapeutics, Inc. 已成功完成将某些未偿还股票期权换成新的限制性股票单位（RSU）的要约。该提议是公司2020年股权激励计划的一部分，于2024年2月12日到期，面向符合条件的员工和顾问。共有208名参与者选择参与该交易所，这导致购买约5,063,689股普通股的期权被取消，约占合格期权所依据股份总数的98％。作为回报，Arcutis授予了2,131,874份替代RSU奖励。该要约的最终结果已于2024年2月15日提交给美国证券交易委员会，详见附表TO第2号修正案。替代RSU奖励的归属条款在交易所要约文件中提供。
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