Sale of Self-held CBs (Face 2.5B KRW) for 31.28B KRW, Dilution 1.41%

Sphere Corp. decided to sell self-held convertible bonds with face value of 2.5 billion won (acquired at 2,585,063,405 won) for 31,284,759,436 won (buyers: Brookdale Global Opportunity Fund, etc.)
Expected proceeds receipt date: May 21, 2026; purpose: improve financial structure and increase business operational efficiency
Upon conversion, 725,057 shares (conversion price 3,448 won) would be issued, representing 1.41% dilution relative to total outstanding shares
With this sale, all self-held convertible bonds are disposed, and no further self-held CBs remain for sale

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