Adjustment of Stock Option Exercise Price and Quantity (5:1 Stock Split and Convertible Bond Issuance)
Corrective disclosure adjusting exercise price and quantity of stock options granted on March 31, 2022, due to a 5:1 stock split and the issuance of the 4th convertible bond
Grant quantity adjusted from 525,000 shares to 105,000 shares (reflecting 5:1 stock split)
Exercise price adjusted from 2,994 won to 12,820 won (reflecting the split and convertible bond adjustment)
Recipients: Inside director Jeong Hae-ryong (80,000 shares), Inside director Hong Hyeok-gi (25,000 shares)
Exercise period: from March 31, 2025 to March 30, 2029
Fair value: 1,315.60 won per share
Total outstanding options after this grant: 565,000 common shares (approximately 1.26% of total outstanding shares)
Exercise price (12,820 won) significantly higher than current stock price (458 won), indicating low immediate dilution risk
KOSDAQ Filing Information
Filing: [Correction of Description] Report on Grant of Stock Options