Craig C Parker, Consonance-HFW Acquisition Corp.'s Chief Executive Officer and a director of the company, has now declared ownership of 702,593 options from the company. The strike prices of the options received ranged from $0.12 to $1.89, and these expire on dates ranging from April 10, 2028 to February 22, 2031.
Some additional info was provided as follows:
Twenty-five percent of the shares subject to the Stock Option vests on the first anniversary of the vesting commencement date, and the remainder vests in 36 equal monthly installments thereafter for the following three years.
Received pursuant to the Business Combination Agreement (the "BCA"), dated April 15, 2021, by and among the Issuer (fka "Consonance-HFW Acquisition Corp"), Perseverance Merger S ub Inc. ("Merger Sub"), and Surrozen, Inc. (the "Original Surrozen"). Under the terms of the BCA, among other things, Merger Sub merged with and into the Original Surrozen, with Original Surrozen surviving as a wholly-owned subsidiary of the Issuer (the "Business Combination"), the Original Surrozen changed its name to Surrozen Operating, Inc., and the Issuer changed its name to Surrozen, Inc. In addition, per the terms of the BCA, each share and equity award of the Original Surrozen outstanding as of effective time of the Business Combination was exchanged for shares of the Issuer's Common Stock or comparable equity awards that are settled or are exercisable for shares of the Issuer's Common Stock, as applicable, at the exchange ratio of 0.175648535.
1/48th of the shares subject to the Stock Option vests on each monthly anniversary of the vesting commencement date over a four-year period.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following: