Zeo ScientifiX Enhances Incentives with Stock Issuances

Zeo ScientifiX (ZEOX) has shared an update.

On July 11, 2024, a company’s board of directors issued warrants for 350,000 shares to two consulting firms, vesting over 18 months and exercisable at $2.35 per share for ten years, with registration rights under the Securities Act. Additionally, key executives and directors were granted stock options for the same number of shares, under the same financial terms, and with an 18-month vesting period, as part of the company’s 2021 Incentive Stock Plan.

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