Stock Option Grant Sharply Reduced from 390,000 to 60,000 Shares, Easing Dilution Concerns for Existing Shareholders

MOBIRIX filed a correction report reducing its stock option grant from 390,000 shares (approx. 4.06% of total outstanding) to 60,000 shares (approx. 0.62%), a reduction of 84.6%.
Due to the resignation of former CEO Lee Nam-il, his 310,000 share options were cancelled; remaining options are granted to employees Jung Ji-hwan (40,000 shares) and Kim Yong-min (20,000 shares).
The exercise price is 5,241 won, which is 117% higher than the current price of 2,415 won, making actual exercise unlikely and near-term dilution risk minimal.
The company stated the grant aims to motivate long-term performance and retention of key employees.
[AI Summary]The substantial reduction in stock option grant size is positive for existing shareholders as dilution risk decreased by 84.6%. However, the high exercise price relative to current stock price may limit the incentive effect.