Airgain® Reports Granting of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)
2023年5月24日 - 10:00PM
ビジネスワイヤ(英語)
Airgain, Inc. (NASDAQ: AIRG), a leading provider of wireless
connectivity solutions that creates and delivers products,
including embedded components, external antennas, and integrated
systems, across the globe, today announced that it has granted
inducement awards to 2 new non-executive employees who recently
joined the Company.
The awards were made on May 23, 2023 under Airgain’s 2021
Employment Inducement Incentive Award Plan, which provides for the
granting of equity awards to new employees of Airgain as an
inducement to join the company. The inducement awards to the 2 new
employees consist of an aggregate of 4,528 restricted stock units
(“RSUs”). The RSUs have a grant price equal to $5.74, the fair
market value of Airgain common stock on the date of grant. The RSUs
vest in four substantially equal installments on each of May 15,
2023, 2024, 2025, and 2026, subject to the employees’ continued
services with the Company. The awards were approved by the
Compensation Committee of Airgain’s Board of Directors, as required
by Nasdaq Rule 5635(c)(4), and were granted as an inducement
material to the new employees entering into employment with Airgain
in accordance with Nasdaq Rule 5635(c)(4).
About Airgain, Inc.
Airgain simplifies wireless connectivity across a diverse set of
devices and markets, from solving complex connectivity issues to
speeding time to market to enhancing wireless signals. Our products
are offered in three distinct sub-brands: Airgain Embedded, Airgain
Integrated and Airgain Antenna+. Our mission is to connect the
world through optimized integrated wireless solutions. Airgain's
expertise in custom cellular and antenna system design pairs with
our focus on high-growth technologies and our dedication to
simplify the growing complexity of wireless. With a broad portfolio
of products across the value chain, from embedded components to
fully integrated products, we are equipped to solve critical
connectivity needs in both the design process and the operating
environment across the enterprise, automotive, and consumer
markets. Airgain is headquartered in San Diego, California. For
more information, visit airgain.com, or follow Airgain on LinkedIn
and Twitter.
Airgain and the Airgain logo are registered trademarks of
Airgain, Inc.
Forward-Looking Statements
Airgain cautions you that statements in this press release that
are not a description of historical facts are forward-looking
statements. These statements are based on the company’s current
beliefs and expectations. These forward-looking statements include
statements regarding the expected outcomes of the development, time
to market, the performance of, and market for, Airgain’s products
or those of its partners; the growth of the EV charging market and
the importance of connectivity in connection with that growth; and
the ability to create solutions that are cost effective and meet
the needs of customers, as well as their acceptance by the market.
The inclusion of forward-looking statements should not be regarded
as a representation by Airgain that any of our plans will be
achieved. Actual results may differ from those set forth in this
press release due to the risk and uncertainties inherent in our
business, including, without limitation: the market for our
products is developing and may not develop as we expect; risks
associated with the performance of our products, including bundled
solutions with third-party products; if our channel partners fail
to perform, or our partnerships are unsuccessful, we may not be
able to bring our product solutions to market successfully or on a
timely basis; our products are subject to intense competition, and
competitive pressures from existing and new companies may harm our
business, sales, growth rates and market share; the COVID-19
pandemic, global supply chain constraints and rising interest rates
and inflation may continue to disrupt and otherwise adversely
affect our operations and those of our suppliers, partners,
distributors and ultimate end customers; risks associated with any
regulatory approvals that may be required; risks associated with
quality and timing in manufacturing our products and our reliance
on third-party manufacturers; we may not be able to maintain
strategic collaborations under which our bundled solutions are
offered; if we cannot protect our intellectual property rights, our
competitive position could be harmed or we could incur significant
expenses to enforce our rights; and other risks described in our
prior press releases and in our filings with the Securities and
Exchange Commission, including under the heading "Risk Factors" in
our Annual Report on Form 10-K and any subsequent filings with the
SEC. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof,
and we undertake no obligation to revise or update this press
release to reflect events or circumstances after the date hereof.
All forward-looking statements are qualified in their entirety by
this cautionary statement, which is made under the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995.
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version on businesswire.com: https://www.businesswire.com/news/home/20230524005354/en/
Brian Critchfield VP, Global Marketing (760) 579-0200 x5412
investors@airgain.com
Airgain Investor Contact Matt Glover Gateway Group, Inc.
+1 949 574 3860 AIRG@gatewayir.com
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