Correction Filing: Cancellation of Stock Option Grant
Stock option grant totaling 1,340,000 shares, resolved at the regular shareholders' meeting on March 27, 2025, has been fully cancelled by board resolution.
Cancellation affects 6 employees of the listed company (Jeong OO and 5 others, 1,020,000 shares) and 6 employees of affiliates (Hong OO and 5 others, 320,000 shares).
Initial exercise price was 2,000 won, fair value per option 265.6 won (binomial model, expected term 4.8 years, volatility 47.67%), but all options are cancelled.
After cancellation, total outstanding stock options are left blank in the filing, indicating that previous grants may also be voided.
The intended delivery of treasury shares (848,701 shares held) is now moot due to cancellation.
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Grant of Stock Options