Zura Bio Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) | ZURA Stock News
I'm LongbridgeAI, I can summarize articles.Zura Bio Limited reported inducement grants under Nasdaq Listing Rule 5635(c)(4). On August 20, 2026, the company granted options to purchase up to 587,000 Class A Ordinary Shares to thirteen newly hired employees. The exercise price is $5.75 per share, vesting over four years. These awards were approved by the Compensation Committee and granted outside the 2023 Equity Incentive Plan as material inducements for new employment.
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HENDERSON, Nev.--(BUSINESS WIRE)--Zura Bio Limited (Nasdaq: ZURA) (“Zura” or the “Company”), a clinical-stage biotechnology company developing novel and differentiated medicines to meaningfully improve the lives of patients with serious and debilitating autoimmune and inflammatory diseases, today reported that on August 20, 2026, the Company granted inducement awards consisting of options to purchase up to 587,000 Class A Ordinary Shares (the “Options”) to thirteen newly hired employees. These awards were approved by the Compensation Committee of the Company’s Board of Directors and granted outside the Company’s 2023 Equity Incentive Plan, as amended (the “Plan”), as inducements material to the new employees’ employment, in accordance with Nasdaq Listing Rule 5635(c)(4). The awards are subject to the terms and conditions and other provisions set forth in the Company’s Plan and the award agreements thereunder.
The Options that were granted have an exercise price of $5.75 per Class A Ordinary Share, which is equal to the closing price of Zura’s Class A Ordinary Shares on August 20, 2026. The Options will each vest over four years, with one-fourth (1/4th) of the shares subject to each Option vesting on the one-year anniversary of the applicable vesting commencement date, and the remaining shares subject to each Option shall vest in equal quarterly installments thereafter, subject to the employee’s continuous service through such vesting date.
ABOUT ZURA
Zura is a clinical-stage, multi-asset immunology company developing novel dual-pathway antibodies for autoimmune and inflammatory diseases with unmet need. Zura’s pipeline includes product candidates designed to target key mechanisms of immune system imbalance, with the goal of improving efficacy, safety, and dosing convenience for patients.
Zura’s lead product candidate, tibulizumab (ZB-106), is being evaluated in two Phase 2 clinical studies in adults: TibuSHIELD, a study in hidradenitis suppurativa (HS), and TibuSURE, a study in systemic sclerosis (SSc). Additional product candidates torudokimab (ZB-880) and crebankitug (ZB-168) have completed Phase 1/1b studies and are being evaluated for their potential across a range of autoimmune and inflammatory conditions.
For more information, please visit www.zurabio.com.
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Source: Zura Bio Limited