Sonendo, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08
23 Maio 2023 - 5:30PM
Business Wire
Sonendo, Inc. (NYSE: SONX), a leading dental technology company
and developer of the GentleWave® System, today announced that on
May 23, 2023, the Compensation Committee of Sonendo’s Board of
Directors granted restricted stock unit awards covering an
aggregate of 300,000 shares of its common stock to two new,
non-executive employees to induce them to join the Company.
The awards were granted under Sonendo’s 2023 Employment
Inducement Incentive Award Plan (the “Inducement Plan”), which was
adopted on March 2, 2023 and provides for the granting of equity
awards to prospective employees of Sonendo under NYSE Listing Rule
303A.08.
The awards vest over a five-year period, with twelve and
one-half percent of the shares underlying each award vesting on the
first anniversary of the award’s vesting commencement date, May 23,
2023, and twenty five percent of the shares underlying each award
vesting on the second, third and fourth anniversaries of the
vesting commencement date, and the remaining twelve and one-half
percent vesting on the fifth anniversary of the vesting
commencement date, subject to the employee’s continued service with
the Company.
About Sonendo
Sonendo is a commercial-stage medical technology company focused
on saving teeth from tooth decay, the most prevalent chronic
disease globally. Sonendo develops and manufactures the GentleWave®
System, an innovative technology platform designed to treat tooth
decay by cleaning and disinfecting the microscopic spaces within
teeth without the need to remove tooth structure. The system
utilizes a proprietary mechanism of action, which combines
procedure fluid optimization, broad-spectrum acoustic energy and
advanced fluid dynamics, to debride and disinfect deep regions of
the complex root canal system in a less invasive procedure that
preserves tooth structure. The clinical benefits of the GentleWave
System when compared to conventional methods of root canal therapy
include improved clinical outcomes, such as superior cleaning that
is independent of root canal complexity and tooth anatomy, high and
rapid rates of healing and minimal to no post-operative pain. In
addition, the GentleWave System can improve the workflow and
economics of dental practices. Sonendo is also the parent company
of TDO Software, the developer of widely used endodontic practice
management software solutions, designed to simplify practice
workflow. TDO Software integrates practice management, imaging,
referral reporting and CBCT imaging, and offers built-in
communication with the GentleWave System.
For more information on Sonendo, visit www.sonendo.com. For more
information on the GentleWave System, visit
www.gentlewave.com/doctor.
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version on businesswire.com: https://www.businesswire.com/news/home/20230523006082/en/
Investor Contact: Greg Chodaczek Gilmartin Group
ir@sonendo.com
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