An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Arteris Announces New Employment Inducement Grants
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Arteris, Inc. (AIP) recently granted 288,000 restricted stock units (RSUs) to four newly hired employees as inducement awards under the company’s 2022 Employee Inducement Incentive Plan. The grants were made in accordance with Nasdaq Listing Rule 5635(c)(4), with an effective grant date of January 25, 2024, and approval by the company’s board of directors.
Positive
None.
Negative
None.
CAMPBELL, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which accelerates system-on-chip (SoC) creation, today announced that the compensation committee of the company’s board of directors has granted an aggregate of 288,000 restricted stock units (RSUs) to four newly hired employees as inducement awards under the company’s 2022 Employee Inducement Incentive Plan. The grants were made in accordance with Nasdaq Listing Rule 5635(c)(4).
The effective RSU grant date was January 25, 2024, and it was approved by the company’s board of directors.
About Arteris
Arteris is a leading provider of system IP for the acceleration of system-on-chip (SoC) development across today’s electronic systems. Arteris network-on-chip (NoC) interconnect IP and SoC integration technology enable higher product performance with lower power consumption and faster time to market, delivering better SoC economics so its customers can focus on dreaming up what comes next. Learn more at arteris.com.
Investor Relations Contact: Sapphire Investor Relations, LLC Erica Mannion or Mike Funari +1 617 542 6180 ir@arteris.com
FAQ
What is the recent announcement from Arteris, Inc. (AIP)?
Arteris, Inc. (AIP) granted 288,000 restricted stock units (RSUs) to four newly hired employees as inducement awards under the company’s 2022 Employee Inducement Incentive Plan.
What is the effective grant date for the RSUs?
The effective grant date for the RSUs was January 25, 2024.
Under which Nasdaq Listing Rule were the grants made?
The grants were made in accordance with Nasdaq Listing Rule 5635(c)(4).
Who approved the RSU grants?
The RSU grants were approved by the company’s board of directors.
arterisip provides network-on-chip interconnect ip to soc makers so they can reduce cycle time, increase margins, and easily add functionality. unlike traditional solutions, arteris’ plug-and-play technology is flexible and efficient, allowing designers to optimize for throughput, power, latency and floorplan. using arterisip solves pain for our customers. traditional bus and crossbar interconnect approaches create serious problems for architects, digital and physical designers, and integrators: massive numbers of wires, increased heat and power consumption, failed timing closure, spaghetti-like routing congestion leading to increased die area, and difficulty making changes for derivatives. arterisip noc ip reduces the number of wires down to one half, results in fewer gates, fewer and shorter wires, and a more compact chip floor plan. having the option to configure each connection’s width, and each transaction’s dynamic priority assures meeting latency and bandwidth requirements. and
