NervGen Pharma Grants Stock Options

Rhea-AI Summary

NervGen Pharma (TSXV: NGEN) (OTCQB: NGENF), a clinical-stage biotech company focused on neurorestorative therapeutics, has announced the granting of 545,000 incentive stock options to employees and consultants. The options include:

• 100,000 options to company officers
• 15,000 options to investor relations consultants
• Exercise price set at $2.74 per share

The options are structured in two categories: 15,000 options with a five-year term vesting quarterly over one year, and 530,000 options with a ten-year term vesting semi-annually over two years. All grants comply with TSX Venture Exchange policies and the company's stock option plan.

Vancouver, British Columbia--(Newsfile Corp. - March 14, 2025) - NervGen Pharma Corp. (TSXV: NGEN) (OTCQB: NGENF), a clinical-stage biotech company dedicated to developing neurorestorative therapeutics, today announced that it has granted 545,000 incentive stock options (the "Options") to employees and consultants of the company, including 100,000 to the company's officers and 15,000 to consultants providing investor relations services. The Options are exercisable at a price of $2.74 per share. 15,000 of the Options are exercisable for a period of five years and vest equally every three months over a one-year period and 530,000 of the Options are exercisable for a period of ten years and vest equally every six months over a two-year period. All options have been granted in accordance with the policies of the TSX Venture Exchange and the conditions of the company's stock option plan.

About NervGen

NervGen (TSXV: NGEN) (OTCQB: NGENF) is a clinical-stage biotech company dedicated to developing innovative treatments to promote nervous system repair in settings of neurotrauma and neurologic disease. The company is testing the clinical efficacy of its lead molecule, NVG-291, in a Phase 1b/2a clinical trial in spinal cord injury and has initiated preclinical evaluation of a new development candidate, NVG-300, in models of ischemic stroke, amyotrophic lateral sclerosis (ALS) and spinal cord injury. For more information, visit www.nervgen.com and follow NervGen on X, LinkedIn, and Facebook for the latest news on the company.

Contacts

Huitt Tracey, Investor Relations
htracey@nervgen.com
604.537.2094

Bill Adams, Chief Financial Officer
info@nervgen.com
778.731.1711

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244720

FAQ

What is the exercise price of NervGen Pharma's (NGENF) newly granted stock options?

The stock options were granted at an exercise price of $2.74 per share.

How many stock options did NervGen Pharma (NGENF) grant to its officers in March 2025?

NervGen Pharma granted 100,000 stock options to its company officers.

What is the vesting schedule for NGENF's March 2025 stock option grant?

15,000 options vest quarterly over 1 year, while 530,000 options vest semi-annually over 2 years.

How long are the exercise periods for NervGen Pharma's (NGENF) March 2025 stock options?

15,000 options are exercisable for 5 years, and 530,000 options are exercisable for 10 years.