Business & Finance
Dronemaker Helsing Alters Staff Stock Plan Before Funding Round
Key Points
Dronemaker Helsing Alters Staff Stock Plan Before Funding Round European defense startup Helsing has overhauled its internal share program, alienating some staff as the company finalizes its biggest funding round to date. The company asked current and former staff in May to agree to switch from an employee stock option plan, or ESOP, to a program without direct equity, according to people familiar with the decision, who asked not to be identified because the discussions were private. Several...
Dronemaker Helsing Alters Staff Stock Plan Before Funding Round
European defense startup Helsing has overhauled its internal share program, alienating some staff as the company finalizes its biggest funding round to date.
The company asked current and former staff in May to agree to switch from an employee stock option plan, or ESOP, to a program without direct equity, according to people familiar with the decision, who asked not to be identified because the discussions were private. Several reached out to lawyers for advice on how to oppose the policy, some of the people said.