TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Vaxxinity Inc (VAXX).
On March 8, 2024, Vaxxinity, Inc. implemented a significant option repricing initiative designed to motivate and retain employees and executive officers. Options for both Class A and B common stock, which were previously “underwater”, were repriced at $0.70 per share, matching the stock’s closing price on the repricing date. This adjustment affects approximately 10 million shares and includes stringent retention and lock-up requirements to ensure continued service and alignment with the company’s interests. The move aims to incentivize staff without the need for additional equity grants or increased cash compensation, which could lead to stock dilution or higher financial outlays.
See more insights into VAXX stock on TipRanks’ Stock Analysis page.