Concorde International Group Ltd. (NASDAQ:CIGL) experienced an 80.16% jump during after-hours trading on Wednesday, reaching $4.63.
Check out the current price of CIGL stock here.
The surge in Concorde in after-hours trading came as the company revealed that its Board of Directors and Compensation Committee had approved a 2025 Equity Incentive Plan earlier that day.
New Equity Incentive Plan Drives Movement
According to Form 6-K documents submitted to the SEC, the plan was approved by the Compensation Committee and Board of Directors on October 1.
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The plan allows for share-based compensation of up to 20% of the total outstanding Class A and Class B ordinary shares, aimed …