TELA Bio Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

May 10, 2024

https://www.globenewswire.com/news-release/2024/05/10/2879824/0/en/TELA-Bio-Announces-Inducement-Grants-Under-Nasdaq-Listing-Rule-5635-c-4.html

MALVERN, Pa., May 10, 2024 (GLOBE NEWSWIRE) — TELA Bio, Inc. (“TELA Bio”) (NASDAQ:TELA), a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions, today announced that the Compensation Committee of the Board of Directors of TELA Bio approved inducement grants of restricted stock units covering 20,250 shares of its common stock to eleven newly-hired employees, with a grant date of May 6, 2024 (the “Grant Date”). The restricted stock units were granted pursuant to the Nasdaq Rule 5635(c)(4) inducement grant exception as a component of each individual’s employment compensation and were granted as an inducement material to his or her acceptance of employment with TELA Bio.

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