Correction of Derivative Transaction Loss Disclosure (Total Loss 1.74 Billion Won, Increase of 0.58 Billion Won)

NANO filed a correction to its April 8, 2024 disclosure on derivative transaction losses on April 29, 2026.
Following a financial statement review by the Financial Supervisory Service, an additional 0.58 billion won in derivative valuation losses on bonds with warrants and convertible preferred shares was recognized, increasing total cumulative losses from 1.16 billion won to 1.74 billion won.
Additionally, valuation losses arose from recognizing a put option derivative liability from a contract with a related party's interested person.
The valuation loss is due to an accounting treatment change and was already reversed in 2024, with no impact on actual cash flows or current financial soundness.
As of end-2023, the company was capital-deficient; thus, equity capital as of the correction filing date (15.42 billion won) was used, resulting in a loss-to-equity ratio of 11.25%.