REDWOOD CITY, Calif. & BOSTON, March 28, 2024–(BUSINESS WIRE)–Adicet Bio, Inc. (Nasdaq: ACET), a clinical stage biotechnology company discovering and developing allogeneic gamma delta T cell therapies for autoimmune diseases and cancer, today announced it granted an inducement award on March 28, 2024.
One individual was hired by Adicet in March 2024 and granted new hire non-qualified stock options to purchase 99,400 shares of Adicet’s common stock with an exercise price of $2.35 per share, the closing price of Adicet’s common stock as reported by Nasdaq on March 28, 2024. One-fourth of the shares underlying the employee’s option will vest on the one-year anniversary of the recipient’s start date and thereafter the remaining three-fourths of the shares underlying the employee’s option will vest in thirty-six substantially equal monthly installments, such that the shares underlying the option granted to the employee will be…
