DarioHealth Shareholders Approve Equity Plan Expansion and Twill Acquisition Terms

DarioHealth (DRIO) has issued an announcement.

DarioHealth Corp. stockholders have given the green light to an amendment that will significantly expand the company’s 2020 Equity Incentive Plan. In an enthusiastic nod from its investors during the 2024 Special Meeting, the amendment was passed, allowing for an additional 3 million shares to be issued under the plan. This move, recommended by the board’s Compensation Committee and already endorsed by the directors, is set to incentivize performance by increasing the stock available for employee compensation. In a separate vote, stockholders also sanctioned issuing new shares and the re-pricing of warrants related to the acquisition of Twill Inc., demonstrating solid shareholder backing for the company’s strategic decisions.

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