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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.
生物製藥公司Arcutis Biotherapeutics, Inc. 已成功完成將某些未償還股票期權換成新的限制性股票單位（RSU）的要約。該提議是公司2020年股權激勵計劃的一部分，於2024年2月12日到期，面向符合條件的員工和顧問。共有208名參與者選擇參與該交易所，這導致購買約5,063,689股普通股的期權被取消，約佔合格期權所依據股份總數的98％。作爲回報，Arcutis授予了2,131,874份替代RSU獎勵。該要約的最終結果已於2024年2月15日提交給美國證券交易委員會，詳見附表TO第2號修正案。替代RSU獎勵的歸屬條款在交易所要約文件中提供。
生物製藥公司Arcutis Biotherapeutics, Inc. 已成功完成將某些未償還股票期權換成新的限制性股票單位（RSU）的要約。該提議是公司2020年股權激勵計劃的一部分，於2024年2月12日到期，面向符合條件的員工和顧問。共有208名參與者選擇參與該交易所，這導致購買約5,063,689股普通股的期權被取消，約佔合格期權所依據股份總數的98％。作爲回報，Arcutis授予了2,131,874份替代RSU獎勵。該要約的最終結果已於2024年2月15日提交給美國證券交易委員會，詳見附表TO第2號修正案。替代RSU獎勵的歸屬條款在交易所要約文件中提供。
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