Axe Compute Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

The employee options carry a $8.60 exercise price and vest over time, subject to continued service.

Rhea-AI Summary

Axe Compute (AGPU) granted options covering 100,000 common shares to three newly hired non-executive employees on October 15, 2026. The grants served as employment inducements under Nasdaq Listing Rule 5635(c)(4) and were approved by the board’s compensation committee, composed solely of independent directors.

The options have an $8.60 exercise price per share, equal to the closing share price on the last trading day before the grant, and a ten-year term. One-third vests on the grant’s first anniversary; the remainder vests in equal monthly installments over the following twenty-four months. All vesting requires continued service through the applicable date.

Positive

• None.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Options covering 100,000 common shares at $8.60 per share create potential dilution upon exercise.

Key Figures

Options granted: 100,000 options Exercise price: $8.60 per share Option term: 10 years +2 more

Options granted

100,000 options

Aggregate grant to three newly hired non-executive employees

Exercise price

$8.60 per share

Equal to the closing price on the last trading day before the grant date

Option term

10 years

Term of each option

Initial vesting

One-third

Vests on the one-year anniversary of the grant date, subject to continued service

Remaining vesting

24 months

Remaining shares vest in equal monthly installments, subject to continued service

Key Terms

exercise price, nasdaq listing rule 5635(c)(4)

2 terms

exercise price financial

"have an exercise price of $8.60 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

nasdaq listing rule 5635(c)(4) regulatory

"in accordance with Nasdaq Listing Rule 5635(c)(4)"

NASDAQ Listing Rule 5635(c)(4) is a rule that requires a company to get approval from its shareholders before selling a large amount of its shares, usually over 20%. This helps protect investors by making sure the company doesn't flood the market with new shares without their say, which could lower the stock's value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PITTSBURGH, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Axe Compute Inc. (NASDAQ: AGPU) (the “Company”) today announced that the Compensation Committee, which is comprised solely of independent directors, of the Company’s Board of Directors approved the grant of options to purchase an aggregate of 100,000 shares of the Company’s common stock to three newly hired non-executive employees as inducements material to each employee’s entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

The options were granted on October 15, 2026 and have an exercise price of $8.60 per share, which is equal to the closing price of the Company’s common stock on the last trading day prior to the grant date. The options each have a ten-year term and vest as follows: one-third of the shares subject to each option vest on the one-year anniversary of the grant date, and the remaining shares subject to each option vest in equal monthly installments over the following twenty-four months, in each case subject to each employee’s continued service, respectively, through the applicable vesting date.

About Axe Compute

Axe Compute Inc. (NASDAQ: AGPU) is a neocloud AI infrastructure platform built on a fundamental premise: AI innovation should not be constrained by hardware choice or availability. The company provides enterprises and AI innovators with flexibility across hardware, geography, and deployment models. Axe Compute designs, deploys, owns, and operates large-scale, dedicated AI infrastructure worldwide, supported by enterprise-grade SLAs and operational expertise. For more information, visit axecompute.com.

Media and Investor Relations Contact
Erin McMahon
ir@axecompute.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What employee inducement grants did Axe Compute (AGPU) award?

Axe Compute granted options to purchase 100,000 common shares to three newly hired non-executive employees on October 15, 2026. The options have an exercise price of $8.60 per share and a ten-year term.

When do Axe Compute’s October 2026 employee options vest?

One-third of the shares subject to each option vest on the grant’s one-year anniversary, with the remainder vesting in equal monthly installments over the following twenty-four months. Each employee must remain in service through the applicable vesting date.