GENINUS Managing Director Kim Gwan-su Acquires 116,076 Shares via CB Conversion... Minor Ownership Change, Limited Impact on Shareholder Value
Kim Gwan-su, Managing Director (registered executive) of GENINUS, was designated as the party to exercise the call option on the company's 1st private convertible bonds on May 22, 2026, thereby acquiring 116,076 shares via conversion.
The conversion price of the bonds is 1,723 won, which is approximately 54% lower than the current market price of 3,735 won as of the base date. Thus, the executive secured shares at a favorable price compared to the market.
The acquired shares represent only about 0.30% of the total outstanding shares (39,304,362), resulting in minimal dilution for existing shareholders.
This filing is a routine disclosure of an executive's change in ownership of specific securities and does not cause any material change in corporate value or management control.
KOSDAQ Filing Information
Filing: Report on Ownership of Specific Securities by Executives and Major Shareholders