HiDeep Adjusts Stock Option Exercise Price to 2,412 KRW and Grant Quantity to 130,977 Shares Due to Rights Offering, Dilution Limited to 0.36%

HiDeep filed a correction report to adjust the exercise price and grant quantity of stock options granted on October 20, 2025, reflecting dilution from a rights offering.
Due to the increase in outstanding shares from the rights offering, the exercise price was lowered from 2,655 KRW to 2,412 KRW and the grant quantity increased from 119,000 to 130,977 shares, representing 0.36% of total outstanding shares.
The dilution impact is minimal at 0.36%, posing little concern for shareholder value erosion. However, the lower exercise price enhances option value, strengthening employee incentive effects.
Total outstanding unexercised stock options after this grant stand at 1,144,590 shares, approximately 3.69% of outstanding shares.
[AI Summary]This stock option adjustment by HiDeep is a technical change following a rights offering, serving employee compensation rather than capital raising. With a dilution rate of only 0.36% and a reasonable exercise price adjustment, the negative impact on shareholder value is limited.