CSA Cosmic Corrects Stock Option Grant Disclosure Adjusting for 15-to-1 Reverse Stock Split Reducing Options from 10.5 Million to 608,920 and Raising Exercise Price from 293 Won to 4,395 Won

CSA Cosmic filed a correction to its stock option grant disclosure following the effectiveness of a 15-to-1 reverse stock split on July 15 2026.
The number of granted options decreased from 10,486,754 to 608,920 and the exercise price increased from 293 won to 4,395 won, reflecting the split ratio.
The number of grantees also reduced from 53 to 43 due to voluntary resignations. The current price of 230 won is well below the exercise price of 4,395 won, making the options deeply out of the money.
[AI Summary]This correction adjusts the stock option terms for the reverse stock split, significantly reducing the potential dilution from 9.8% to 0.57% of outstanding shares, which is positive for existing shareholders. However, the high exercise price relative to the current stock price limits the incentive value of the options.