Apyx Medical Corporation Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

Apyx Medical Corporation (NASDAQ:APYX) has granted a nonstatutory stock option to John Featherstone, the company's Vice President of North American Sales, as part of his employment inducement. The stock option allows for the purchase of 100,000 shares of common stock at an exercise price of $1.85 per share, based on the closing price on August 4, 2025.

The stock option features a four-year vesting schedule, with 25% of shares vesting on the first anniversary and the remainder vesting annually thereafter, contingent upon continued employment. Apyx Medical specializes in advanced energy technology, particularly its Helium Plasma Platform Technology, marketed as Renuvion® and AYON Body Contouring System™ for cosmetic surgery, and J-Plasma® for hospital surgical applications.

Positive

• Appointment of new Vice President of North American Sales indicates focus on sales growth
• Stock option grant aligns executive interests with shareholder value through performance-based compensation

Negative

• Significant equity dilution potential from 100,000 share option grant

CLEARWATER, Fla., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Apyx Medical Corporation (NASDAQ:APYX) (“Apyx Medical”; the “Company”) today announced that on August 4, 2025, Apyx granted a nonstatuatory stock option to purchase 100,000 shares of common stock to John Featherstone, Apyx’s Vice President, North American Sales as a material inducement to such employee’s employment and in accordance with Nasdaq Listing Rule 5635(c)(4).

The stock option has an exercise price of $1.85, the closing price of Apyx Medical Corporation’s common stock on August 4, 2025. The stock option vests over a four-year period, with one-quarter of the shares vesting on the first anniversary of the grant date and the remaining shares vesting annually thereafter, subject to continued employment with the Company through the applicable vesting dates.

About Apyx Medical Corporation:
Apyx Medical Corporation is an advanced energy technology company with a passion for elevating people’s lives through innovative products, including its Helium Plasma Platform Technology products marketed and sold as Renuvion^® and now the AYON Body Contouring System™ in the cosmetic surgery market and J-Plasma^® in the hospital surgical market. Renuvion and J-Plasma offer surgeons a unique ability to provide controlled heat to tissue to achieve their desired results. The effectiveness of Renuvion and J-Plasma are supported by more than 90 clinical documents. The Company also leverages its deep expertise and decades of experience in unique waveforms through OEM agreements with other medical device manufacturers. For further information about the Company and its products, please refer to the Apyx Medical Corporation website at www.ApyxMedical.com. To learn more about how Renuvion or AYON can address loose skin concerns, and find a provider near you, visit www.Renuvion.com or https://ayonbody.com/.

Cautionary Statement on Forward-Looking Statements:
Certain matters discussed in this release and oral statements made from time to time by representatives of the Company may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.

All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to, projections of net revenue, margins, expenses, net earnings, net earnings per share, or other financial items; projections or assumptions concerning the possible receipt by the Company of any regulatory approvals from any government agency or instrumentality including but not limited to the U.S. Food and Drug Administration (the “FDA”), supply chain disruptions, component shortages, manufacturing disruptions or logistics challenges; or macroeconomic or geopolitical matters and the impact of those matters on the Company’s financial performance.

Forward-looking statements and information are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause the Company’s actual results to differ materially and that could impact the Company and the statements contained in this release include but are not limited to risks, uncertainties and assumptions relating to the regulatory environment in which the Company is subject to, including the Company’s ability to gain requisite approvals for its products from the FDA and other governmental and regulatory bodies, both domestically and internationally; sudden or extreme volatility in commodity prices and availability, including supply chain disruptions; changes in general economic, business or demographic conditions or trends; changes in and effects of the geopolitical environment; liabilities and costs which the Company may incur from pending or threatened litigations, claims, disputes or investigations; and other risks that are described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and the Company’s other filings with the Securities and Exchange Commission. For forward-looking statements in this release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.

Investor Relations Contact:
Jeremy Feffer, Managing Director LifeSci Advisors
OP: 212-915-2568
jfeffer@lifesciadvisors.com  

FAQ

What stock options did Apyx Medical (NASDAQ:APYX) grant to its new VP of North American Sales?

Apyx granted John Featherstone a nonstatutory stock option to purchase 100,000 shares at $1.85 per share, with a four-year vesting schedule.

What is the vesting schedule for the APYX stock options granted on August 4, 2025?

The options vest over four years, with 25% vesting after the first year and the remaining shares vesting annually thereafter, subject to continued employment.

What are Apyx Medical's main product lines?

Apyx's main products include the Helium Plasma Platform Technology, marketed as Renuvion® and AYON Body Contouring System™ for cosmetic surgery, and J-Plasma® for hospital surgical applications.

Who is John Featherstone at Apyx Medical?

John Featherstone is the Vice President of North American Sales at Apyx Medical Corporation.