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Arcutis Biotherapeutics, Inc. (Arcutis) has announced a tender offer to exchange certain outstanding options for new restricted stock units (RSUs) under its 2020 Equity Incentive Plan. The offer, detailed in a Schedule TO filed with the SEC, is aimed at eligible employees and consultants holding options with exercise prices equal to or greater than $10.00. The exchange ratios vary based on the exercise price of the options and are designed to balance compensatory goals with shareholder interests. Non-employee board members are not eligible to participate. The offer, which commenced on January 16, 2024, will expire at 8:59 P.M. Pacific Time on February 12, 2024, unless extended. The Replacement RSU Awards will be granted upon cancellation of the accepted options, with vesting based on continued employment or service. The offer is subject to certain conditions, including regulatory approvals and market conditions. As of January 12, 2024, the closing price of Arcutis Common Stock on Nasdaq was $3.64 per share.
Arcutis Biotherapeutics, Inc. (Arcutis) has announced a tender offer to exchange certain outstanding options for new restricted stock units (RSUs) under its 2020 Equity Incentive Plan. The offer, detailed in a Schedule TO filed with the SEC, is aimed at eligible employees and consultants holding options with exercise prices equal to or greater than $10.00. The exchange ratios vary based on the exercise price of the options and are designed to balance compensatory goals with shareholder interests. Non-employee board members are not eligible to participate. The offer, which commenced on January 16, 2024, will expire at 8:59 P.M. Pacific Time on February 12, 2024, unless extended. The Replacement RSU Awards will be granted upon cancellation of the accepted options, with vesting based on continued employment or service. The offer is subject to certain conditions, including regulatory approvals and market conditions. As of January 12, 2024, the closing price of Arcutis Common Stock on Nasdaq was $3.64 per share.
Arcutis Biotherapeutics, Inc.（Arcutis）宣佈了一項要約，根據其2020年股權激勵計劃，將某些未償還期權交換爲新的限制性股票單位（RSU）。該要約詳見向美國證券交易委員會提交的附表TO，目標是持有行使價等於或大於10.00美元的期權的符合條件的員工和顧問。交換比率因期權行使價而異，旨在平衡補償目標與股東利益。非僱員董事會成員沒有資格參加。該優惠於2024年1月16日開始，除非延期，否則將於太平洋時間2024年2月12日晚上 8:59 到期。替代RSU獎勵將在取消已接受的期權後發放，並根據繼續就業或服務進行歸屬。該報價受某些條件的約束，包括監管部門的批准和市場條件。截至2024年1月12日，納斯達克Arcutis普通股的收盤價爲每股3.64美元。
Arcutis Biotherapeutics, Inc.（Arcutis）宣佈了一項要約，根據其2020年股權激勵計劃，將某些未償還期權交換爲新的限制性股票單位（RSU）。該要約詳見向美國證券交易委員會提交的附表TO，目標是持有行使價等於或大於10.00美元的期權的符合條件的員工和顧問。交換比率因期權行使價而異，旨在平衡補償目標與股東利益。非僱員董事會成員沒有資格參加。該優惠於2024年1月16日開始，除非延期，否則將於太平洋時間2024年2月12日晚上 8:59 到期。替代RSU獎勵將在取消已接受的期權後發放，並根據繼續就業或服務進行歸屬。該報價受某些條件的約束，包括監管部門的批准和市場條件。截至2024年1月12日，納斯達克Arcutis普通股的收盤價爲每股3.64美元。
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