HiDeep Corrects Stock Option Grant – Minor Reduction Due to Resignation, No Impact on Shareholder Value

HiDeep reduced the number of optionees from 28 to 27 and shares from 348,635 to 342,625 due to a resignation. This represents 0.93% of total outstanding shares, a negligible change.
The exercise price of 6,109 KRW remains significantly above the current market price of 926 KRW, making exercise unlikely and dilution risk minimal.
This correction is an administrative update with no adverse impact on shareholder value.
[AI Summary]HiDeep's stock option grant correction involves a minor reduction due to a resignation, and the high exercise price relative to the current stock price limits dilution risk. This event is neutral for existing shareholders.