Precipio ( (PRPO) ) has provided an update.
Precipio Inc. has announced a strategic move to motivate key personnel by repricing stock options effective August 31, 2024. The Board approved the adjustment of the exercise price of certain stock options to $6.56, aligning with the stock’s closing price on Nasdaq on August 30, 2024. This decision, which affects approximately 177,000 of the total 304,000 outstanding options, aims to retain talent and is in line with the company’s 2017 Stock Option and Incentive Plan. The repricing will be reflected in the financial statements for the quarter ending September 30, 2024, and does not require shareholder approval.
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