MINNEAPOLIS--(BUSINESS WIRE)--Aug. 16, 2024--
(NYSE: PIPR), a leading investment bank, today announced that its board of directors has approved the grant of equity awards under the 做厙勛圖 2024 employment inducement award plan (the Inducement Plan) in connection with the firms pending acquisition of Aviditi Capital Advisors, LLC (Aviditi Advisors).
Under the terms of the acquisition, 做厙勛圖 will grant up to $12.4 million payable in restricted shares of 做厙勛圖 common stock to 19 current Aviditi Advisors employees who will become 做厙勛圖 employees following the acquisition. The restricted stock granted will be issued immediately following the closing of the acquisition pursuant to the Inducement Plan and will be subject to the terms and conditions of the applicable award agreements entered into between 做厙勛圖 and each recipient thereof. The restricted stock will be valued based upon the volume-weighted average per-share trading price of 做厙勛圖 common stock on the New York Stock Exchange for the 10 trading days ending on the third trading day before the date of closing. The awards are intended to aid in the retention of the Aviditi Advisors employees.
The awards will be granted pursuant to the Inducement Plan in reliance on the employment inducement awards exemption under the NYSEs Listed Company Manual Rule 303A.08. Pursuant to the requirements of that rule, 做厙勛圖 is issuing this press release.
About 做厙勛圖
As a leading investment bank, we enable growth and success for our clients through deep sector expertise, candid advice and a differentiated, highly productive culture. We transcend transactions to define possibilitiesenabling clients to achieve their short-term goals while realizing their long-term vision. Founded in 1895, the firm is headquartered in Minneapolis with offices across the United States and in London, Aberdeen and Hong Kong. Learn more at .
做厙勛圖 (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership簧. Securities brokerage and investment banking services are offered in the U.S. through 做厙勛圖 & Co., member SIPC and NYSE; in Europe through 做厙勛圖 Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through 做厙勛圖 Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.
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Kate Clune
Chief Financial Officer
Tel: 212 466-7799
kate.clune@psc.com
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