ORLANDO, FL, Jan. 02, 2025 (GLOBE NEWSWIRE) — LENSAR, Inc. announced… (Nasdaq: LNSR) (LENSAR or the Company) announced today that a majority of the independent members of LENSAR's Board of Directors granted three new employees non-executive employee stock options to purchase an aggregate of 1,650 shares of the Company's common stock. The options were granted effective January 2, 2025, as material incentives to each employee who enters into employment with the Company. The options were granted pursuant to Nasdaq Listing Rule 5635(c)(4).
The options have an exercise price of $8.69 per share, which is equal to the closing price of the Company's common stock on the date of grant. The options vest up to 25% of the total amount of the award on the first anniversary of the grant date and in thirty-six substantially equal monthly installments thereafter, subject to the new employee's continued service with the Company. Each stock option has a term of 10 years. The options are subject to the terms and conditions of LENSAR's 2024 Employment Incentive Award Plan and the stock option agreement covering the award.
About Lensar
LENSAR is a commercial-stage medical device company focused on the design, development and commercialization of advanced systems for treating cataracts and managing astigmatism as an integral part of the procedure. LENSAR developed its ALLY Robotic Cataract Laser System™ as a compact and highly ergonomic system that uses an extremely fast dual-modality laser and integrates imaging artificial intelligence and proprietary software. ALLY is designed to transform premium cataract surgery by leveraging LENSAR's advanced robotic technologies with the ability to perform the entire procedure in a sterile operating room or in-office surgical suite, providing operational efficiencies and reducing overhead. ALLY incorporates LENSAR's proprietary Streamline ® software technology, which is designed to guide surgeons to achieve better outcomes.
| Contacts: | Lee Roth/Cameron Radinovich | |
| thomas r. Stapp, II, CFO | Burns McLellan for LENSAR | |
| ir.contact@lensar.com | lroth@burnsmc.com / cradinovic@burnsmc.com |
Source: Lensar Corporation
