other material
confidence high
sentiment neutral
materiality 0.30
Aeglea amends Paragon agreement, commits to annual 1% option grants for 2023-2024
Spyre Therapeutics, Inc.
- Annual option grant of 1% of outstanding Aeglea common stock (fully-diluted) to Parapyre for calendar years 2023 and 2024.
- Grant date set to last business day of each applicable year; options vest immediately and have a 10-year term.
- Paragon and Parapyre each hold less than 5% of Aeglea's capital stock; Fairmount (>5% holder) controls Paragon's board.