Cartesian Therapeutics Announces New Employment Inducement Grants

RNAC 10.04.2024

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  • 01.13.2025 - Cartesian Therapeutics Highlights Progress and 2025 Strategic Priorities Across Pipeline of mRNA Cell Therapies for Autoimmune Diseases
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  • 01.07.2025 - Cartesian Therapeutics Announces New Employment Inducement Grants

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Cartesian Therapeutics Announces New Employment Inducement Grants

October 4, 2024
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GAITHERSBURG, Md.,Oct. 04, 2024(GLOBE NEWSWIRE) --Cartesian Therapeutics, Inc.(NASDAQ: RNAC) (the “Company”), a clinical-stage biotechnology company developing mRNA cell therapies for the treatment of autoimmune diseases, today announced the granting of inducement awards to five new employees. OnOctober 1, 2024, the Company issued to these employees options to purchase an aggregate of 60,961 shares of the Company’s common stock with an exercise price of$17.11, the closing trading price of the Company’s common stock on the Nasdaq Global Market on the date of grant. The options were granted pursuant to the Company’s Amended and Restated 2018 Employment Inducement Incentive Award Plan and were approved by the Company’s board of directors. The option vests as to 25% onOctober 1, 2025, and then in three equal annual installments thereafter such that the options will be fully vested onOctober 1, 2028. The options have a ten-year term. The options were granted under Rule 5635(c)(4) of the Nasdaq Listing Rules as an inducement material to the employees’ entry into employment with the Company.

AboutCartesian Therapeutics

Cartesian Therapeuticsis a clinical-stage company developing mRNA cell therapies for the treatment of autoimmune diseases. The Company’s lead asset, Descartes-08, is an mRNA CAR-T in Phase 2b clinical development for patients with generalized myasthenia gravis and Phase 2 development for systemic lupus erythematosus, with a Phase 2 basket trial planned in additional autoimmune indications. The Company’s clinical-stage pipeline also includes Descartes-15, a next-generation, autologous anti-BCMA mRNA CAR-T. For more information, please visitwww.cartesiantherapeutics.comor follow the Company on LinkedIn or X, formerly known as Twitter.

Contact Information:Investor Contact:Melissa ForstArgot Partnerscartesian@argotpartners.com

Media Contact:David RosenArgot Partnersdavid.rosen@argotpartners.com

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Source: Cartesian Therapeutics, Inc.

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