Device Corrects Stock Option Exercise Price Calculation Error, Exercise Price Slightly Raised to 7,782 Won, Options Reduced to 410,984 Shares, Minimal Shareholder Value Impact
Device filed an amendment to its stock option grant report on June 30, 2026.
This corrects an error in the exercise price calculation formula for stock options granted on March 28, 2024, adjusting the exercise price from 7,610 won to 7,782 won and reducing the number of options from 420,000 to 410,984 shares.
The exercise price adjustment is a further correction after the initial adjustment due to a free stock issuance, and the reduction in option shares reflects cancellations and exercises.
The change in total potential dilution is less than 0.5% of market capitalization, resulting in negligible impact on shareholder value.
[AI Summary]Device's amendment is a technical correction of a formula error, with no material change to the intrinsic terms or dilution scale of the stock options. The potential dilution from the granted options remains around 3%, and this correction has limited additional impact on shareholder value.
KOSDAQ Filing Information
[Correction of Description] Report on Grant of Stock Options