Geron Corporation shares rise 1.56% after-hours after granting 11,000,000 stock options to new CEO.

Geron Corporation rose 1.56% in after-hours trading, following the announcement that it has granted an equity award in the form of stock options to purchase 11,000,000 shares of common stock to Harout Semerjian, Geron’s new President and Chief Executive Officer, as an inducement material to his acceptance of employment with Geron. The stock options have an exercise price of $1.30 per share, which is equal to the closing price of Geron common stock on the grant date and have a ten-year term.