scPharmaceuticals reports inducement grants under Nasdaq listing rule

scPharmaceuticals announced that on October 2, 2023, the Compensation Committee of scPharmaceuticals’ board of directors granted inducement equity grants consisting of stock options to purchase an aggregate of 52,500 shares of its common stock to 14 new employees comprised of sales representatives. These stock options are subject to the terms of the scPharmaceuticals Inc. 2023 Employment Inducement Award Plan. The Inducement Plan is used exclusively for the grant of equity awards to individuals as an inducement material to their entering into employment with scPharmaceuticals pursuant to Nasdaq Listing Rule 5635(c)(4). The Inducement Plan was adopted by scPharmaceuticals’ board of directors in February 2023.