By Nate Doughty
Gecko Robotics Inc. is letting employees cash out some of the stock options they have of the company as part of a tender offer the North Side-based tech firm has made with an unnamed investor, a source familiar with the company's plans told Pittsburgh Inno.
But despite this deal being a rarity for a local tech company to produce in the first place, few Gecko employees have let go of the grip they have on their options since a deal to do so first began on Dec. 1, the source—unauthorized to speak publicly about the company on this matter—said. Only 30% or roughly $1.5 million of the $5 million in options this investor is willing to purchase from current Gecko employees has been realized so far, the source said.
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