IZEA Reports Inducement Grants Under NASDAQ Listing Rule 5635(C)(4)
06 Diciembre 2023 - 4:00PM
IZEA Worldwide, Inc. (NASDAQ: IZEA), a premier provider of
influencer marketing technology, data and services for the world’s
leading brands, today announced that it granted a total of 338,354
performance-based and time-based restricted stock units (“RSUs”)
under the IZEA Worldwide, Inc. 2023 Inducement Plan (the
“Inducement Plan”) in connection with its acquisition of Hoozu
Holdings Ltd, which transaction closed on December 1, 2023.
The performance-based RSU
grants, which vest in annual increments over a three-year
performance period based upon the achievement of certain revenue
and profitability metrics, represent the maximum number of shares
that can be earned under the awards. Vesting is also subject to the
recipient’s continued service through each annual vesting date.
Unearned RSUs will be forfeited if the minimum revenue in each
period is not achieved.
The Hoozu
performance-based grants were issued to Natalie Giddings, Hoozu CEO
(109,451 RSUs), Nathan Ruff, Hoozu Regional Business Development
Lead (91,209 RSUs), Analise Trotter, Hoozu employee (54,726 RSUs),
Lara Mowforth, Hoozu employee (36,484 RSUs) and Alexandra de
Lusignan, Hoozu employee (36,484 RSUs). A time-based grant was made
to Rob Fuggetta in a separate acquisition transaction that closed
on December 1, 2023 (10,000 RSUs).
The grants were approved
by the company’s Compensation Committee and Board of Directors on
November 30, 2023. In accordance with NASDAQ Listing Rule
5635(c)(4), the grants were made as an inducement material to each
individual entering into an employment relationship with IZEA and
its wholly owned subsidiaries.
Each RSU award is subject
to the terms and conditions of the Inducement Plan and the terms
and conditions of the applicable RSU award agreement covering the
grant.
About IZEA
Worldwide, Inc.
IZEA Worldwide, Inc. is a
marketing technology company providing software and professional
services that enable brands to collaborate and transact with the
full spectrum of today’s top social influencers and content
creators. The company is a champion for the growing Creator
Economy, enabling individuals to monetize their content, creativity
and influence. IZEA launched the industry’s first-ever influencer
marketing platform in 2006 and has since facilitated nearly 4
million transactions between online buyers and sellers. Leading
brands and agencies partner with IZEA to increase digital
engagement, diversify brand voice, scale content production, and
drive a measurable return on investment.
Safe Harbor Statement
All statements in this release that are not based
on historical fact are “forward-looking” and intended to qualify
for the safe harbor from liability established by the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements, which are based on certain assumptions and describe our
future plans, strategies, and expectations, can generally be
identified by the use of forward-looking terms such as “may,”
“will,” “would,” “could,” “should,” “expect,” “anticipate,” “hope,”
“estimate,” “optimistic,” “believe,” “intend,” “ought to,”
"likely," "projects," “plans,” "pursue," "strategy" or "future," or
the negative of these words or other words or expressions of
similar meaning. Examples of forward-looking statements include,
among others, statements we make regarding expectations concerning
product development and platform launches, future financial
performance and operating results, including regarding recognition
of bookings as revenues, growth or maintenance of customer
relationships, and expectations concerning IZEA’s business
strategy. Forward-looking statements involve inherent risks and
uncertainties which could cause actual results to differ materially
from those in the forward-looking statements as a result of various
factors, including, among others, the following: competitive
conditions in the content and social sponsorship segment in which
IZEA operates; failure to popularize one or more of the marketplace
platforms of IZEA; our ability to maintain disclosure controls and
procedures and internal control over financial reporting; our
ability to integrate the acquired business of Hoozu Holdings Ltd
within expected timeframes and to achieve the revenue, cost savings
and earnings levels from such acquisition at or above the levels
projected; changing economic conditions that are less favorable
than expected; and other risks and uncertainties described in
IZEA’s periodic reports filed with the Securities and Exchange
Commission. The forward-looking statements made in this release
speak only as of the date of this release, and IZEA assumes no
obligation to update any such forward-looking statements to reflect
actual results or changes in expectations, except as otherwise
required by law.
- IZEA Reports Inducement Grants Under NASDAQ Listing Rule
5635(C)(4)
Matt Gray
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: ir@izea.com
IZEA Worldwide (NASDAQ:IZEA)
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