If you look at their June 30 10q and search for the word inducement you'll find the language that references that it applies to a merger or acquisition. I'll see if I can post it here.
On August 8, 2025, the Board approved the adoption of the 2025 Employment Inducement Equity Incentive Plan (the "2025 Inducement Plan"), which was adopted without shareholder approval pursuant to Rule 303A.08 of the NYSE Listed Company Manual. The 2025 Inducement Plan provides for the grant of equity-based awards, including nonstatutory stock options, stock appreciation rights, restricted stock, restricted stock units, performance units and performance shares, and its terms are substantially similar to the Company's 2020 Equity Incentive Plan, as amended and restated, including with respect to treatment of equity awards in the event of a merger or "Change in Control" as defined under the 2025 Inducement Plan, but with such other terms and conditions intended to comply with the NYSE inducement award exception or to comply with the NYSE acquisition and merger exception. In accordance with Rule 303A.08 of the NYSE Listed Company Manual, awards under the 2025 Inducement Plan may only be made as an inducement material to the individuals' entry into employment with the Company, or, to the extent permitted by Rule 303A.08 of the NYSE Listed Company Manual, in connection with a merger or acquisition. The Board has reserved an initial total of 3,000,000 shares of the Company's common stock for issuance under the 2025 Inducement Plan. The foregoing description of the 2025 Inducement Plan is not complete and is qualified in its entirety by reference to the full text of the 2025 Inducement Plan, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.q
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