Adjusted stock option grant from 490,500 to 981,000 shares and exercise price from 34,644 to 17,322 won due to stock dividend
Grantees: Seo Beom-seok (registered director) 300,000 shares, Kenneth Gabriel Nesmith (subsidiary director) 150,000, Yoo Seong-won (non-registered director) 100,000, and 46 other employees total 431,000 shares
Exercise period: 2028/03/31~2033/03/30, vesting: 50% after 2 years, 75% after 3 years, 100% after 4 years
Fair value per share: 15,388 won (binomial model, expected term 7 years, risk-free rate 3.87%, expected volatility 74.68%)
Total outstanding options after this grant: 5,553,444 common shares
Reason for correction: adjustment following stock dividend after initial filing on March 31, 2026
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Grant of Stock Options