Sphere Corp. Extends Special Alloy Supply Contract End Date by 8 Months... Conditional Contract and Cancellation Risk
Sphere Corp. disclosed a correction extending the end date of its special alloy supply contract with a US global aerospace launch company from June 2, 2026 to February 5, 2027, an 8-month extension
The contract amount is KRW 24,986,637,000 (USD 17,842,500 at KRW 1,400.40/USD), a large conditional contract representing 977% of 2024 sales (KRW 2,557,761,611)
The disclosure notes that the contract may be partially or fully canceled at the counterparty's request; counterparty details and specific items are withheld for business confidentiality
No advance payment; payment due 30 days from invoice; supply to overseas region
KOSDAQ Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract