Fennec grants 50,000 stock options to three new employees as inducement awards

FENNEC PHARMACEUTICALS INC.

Options exercisable at $9.75/share, 10-year term, vest over 3 years (1/3 on first anniversary, then monthly over 24 months).
Grants approved May 11, 2026, under 2026 Equity Inducement Plan; grant date May 18, 2026.
Awards are material inducements per Nasdaq Rule 5635(c)(4) for new non-executive hires.

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