As of June 30, 2013, cash and investments totaled $58.9 million, which included approximately $27.7 million in net cash proceeds received from the Company’s May 2013 public offering of common stock.The Company also announced, in accordance with NASDAQ Listing Rule 5635(c)(4), as a material inducement to the hiring of five new employees, it has granted or offered to grant stock options for a total of 136,000 shares of common stock. Inducement option grants have an exercise price equal to the closing price of the Company’s common stock on the NASDAQ market on the grant date, and vest over four years and expire in ten years, assuming continued service.
MoSys, Inc. Reports Second Quarter 2013 Financial Results
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