Jun. 17 at 11:25 AM
Silver-lining: replenishing the equity incentive pool helps conserve cash. With
$IMNN focused on reaching the milestones needed for the second bridge tranche, paying a portion of compensation in equity rather than cash actually strengthens the runway.
BTW: One thing worth keeping in mind. The latest management option grants (Aug 2025) carry a
$9.20 exercise price. With the stock trading around
$2, those options are currently deeply underwaterout, out-of-the-money, and essentially worthless unless the share price recovers significantly