Manchester, NH – 
networking products under the globally recognized Motorola brand, today
announces that the Minim Board of Directors and its Compensation Committee
approved a grant of restricted stock units (RSUs) to new employee Bill Wallace,
covering an aggregate of 188,274 shares of common stock.
The
effective grant date of the RSUs is December 1, 2021, and the RSUs are being
granted as a material inducement to employment in accordance with Nasdaq
Listing Rule 5635(c)(4). The RSUs will vest in three equal bi-monthly
installments over a five-month period starting on the first month anniversary
of the grant date, subject to the applicable new employee’s continued service
with Minim through the applicable vesting dates. The RSUs were granted outside
of the company’s equity incentive plans.
About Minim
Minim, Inc. (NASDAQ: MINM) is the creator of intelligent
networking products that dependably connect people to the information they need
and the people they love. Headquartered in Manchester, NH, the company delivers
smart software-driven communications products under the globally recognized
Motorola brand and Minim® trademark. Minim end users benefit from a
personalized and secure WiFi experience, leading to happy and safe homes where
things just work. To learn more, visit https://www.minim.com.
MOTOROLA
and the Stylized M Logo are trademarks or registered trademarks of Motorola
Trademark Holdings, LLC and are used under license.
Media
Contact:
Nicole
Zheng at (908) 337-2481 or nicole@minim.com
Investor
Relations Contact:
James
Carbonara, Hayden IR at (646) 755-7412 or james@haydenir.com
About
Motorola Strategic Brand Partnerships
For over 90
years the Motorola brand has been known around the world for high quality, innovative
and trusted products. Motorola’s Strategic Brand Partnership program seeks to
leverage the power of this iconic brand by teaming with dynamic companies who
offer unique, high quality products that enrich consumers’ lives. Strategic
brand partners work closely with Motorola engineers while developing and
manufacturing their products, ensuring that their products meet the exacting
safety, quality, and reliability standards that consumers have come to expect
from Motorola. To learn more about Motorola strategic brand partnerships,
follow us @ShopMotorola.
Forward-Looking
Statements
This press
release contains “forward-looking statements”, within the meaning of the safe
harbor provisions of the U.S. Private Securities Litigation Reform Act of
1995. Such forward-looking statements relate to Minim’s plans,
expectations, and intentions. Actual results may be materially different from
expectations as a result of known and unknown risks, including: risks
associated with Minim’s potential inability to realize intended benefits of the
acquisition by merger of Zoom Connectivity, Inc.; the potential increase in
tariffs on the company’s imports; the potential supply interruptions from
manufacturing the company’s products in Vietnam; risks relating to global semiconductor
shortages; potential changes in NAFTA; the potential need for additional
funding which Minim may be unable to obtain; declining demand for certain of
Minim’s products; delays, unanticipated costs, interruptions or other
uncertainties associated with Minim’s production and shipping; Minim’s reliance
on several key outsourcing partners; uncertainty of key customers’ plans and
orders; risks relating to product certifications; Minim’s dependence on key
employees; uncertainty of new product development, including certification and
overall project delays, budget overruns; the risk that newly introduced
products may contain undetected errors or defects or otherwise not perform as
anticipated; costs and senior management distractions due to patent related matters;
risks from a material weakness in our internal control over financial
reporting; the impact of the COVID-19 pandemic; and other risks set forth in
Minim’s filings with the Securities and Exchange Commission. Minim cautions
readers not to place undue reliance upon any such forward-looking statements,
which speak only as of the date made. Minim expressly disclaims any obligation
or undertaking to release publicly any updates or revisions to any such
statements to reflect any change in Minim’s expectations or any change in
events, conditions or circumstance on which any such statement is based.