Coreline Soft Corrects Stock Option Grant: 75,380 Shares at 12,092 Won

Coreline Soft corrected its disclosure on stock option grant: 75,380 common shares granted to 6 individuals (including Jeong Woo-seok) at an exercise price of 12,092 won, approved by shareholders on March 29, 2024.
Compared to the original filing, granted shares decreased from 83,380 to 75,380 due to partial cancellations, and the exercise price was adjusted from 13,419 won to 12,092 won due to convertible bond issuance.
Exercise period is from March 29, 2026 to March 28, 2031; settlement will be in new shares or treasury shares.
Fair value per option is 6,880 won (binomial model), significantly above the current stock price of 3,350 won, making the options deeply out-of-the-money.
Total outstanding options after this grant amount to 743,763 shares (approximately 4.14% of total outstanding shares).

ADVERTISEMENT (250px+)