iCAD board amends option exercise terms for 1.83M underwater options ahead of RadNet merger

ICAD INC

Amendment covers 1,828,124 options with exercise price under $7.20 per share.
Directors & executive officers hold 1,478,124 (81%) of the amended options.
Vested options become exercisable for at least one year after merger close.
Amendment effective immediately before merger effective time per Merger Agreement dated April 15, 2025 with RadNet.
Merger with RadNet (RDNT) remains pending; S-4 proxy/prospectus mailed May 22, 2025.

item 5.02item 9.01

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