Scinope Technology to Exercise Redemption Right on 1st Domestic Unsecured Convertible Bonds (35831)
Scinope Technology (Scinope, ticker: 3583) has announced it will exercise its redemption right on its first domestic unsecured convertible bonds (Ticker: 35831). This action was triggered because the closing price of its common stock exceeded 30% of the conversion price for 30 consecutive trading days. The company will redeem the bonds in cash at 100% of their face value from June 8 to July 7, 115 (ROC calendar). Trading will cease on July 8, 115. Bondholders have until July 9 to convert their bonds into common stock.
📋 Article Processing Timeline
- 📰 Published: May 19, 2026 at 06:31
- 🔍 Collected: May 19, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 19, 2026 at 06:44 (12 min after Collected)
Statement Date: 1150519 Spokesperson Date: 1150518 Spokesperson Time: 174449 Company Code: 3583 Company Name: Scinope Subject: Announcement of Scinope Technology Corporation exercising its redemption right on the 1st domestic unsecured convertible bonds (Abbr.: Scinope I, Code: 35831) and the scheduled termination of over-the-counter trading on July 8, 115. Applicable Clause: Article 51 Date of Occurrence: 1150518 Explanation: In accordance with Article 18 of the issuance and conversion rules of Scinope I. The issuing company will exercise its bond redemption right from June 8, 115, to July 7, 115, at a redemption price of 100.0000% of the bond's face value. (1) As per Article 18, Paragraph 1 of the rules, if the closing price of the company's common stock exceeds 30% of the then-current conversion price for 30 consecutive business days from the day after three months of issuance (Sep 8, 113) until 40 days before maturity (Apr 28, 116), the company may redeem the bonds. (2) Stop transfer period for convertible bonds: N/A. (3) Notification and acceptance period for bond redemption: June 8, 115 to July 7, 115. (4) Bond redemption record date: July 7, 115. (5) Termination date for over-the-counter trading of the bonds: July 8, 115. (6) Date of sending redemption notice by registered mail: June 8, 115. (7) Bond redemption procedures: Bondholders should process through their brokerage firms. (8) If bondholders do not wish the company to exercise its redemption right and want to convert to common stock, they must complete the conversion process at their brokerage firm by July 9, 115, at the latest. (9) Company's stock transfer agent: CTBC Bank, Agent Department, 5F, No. 83, Section 1, Chongqing South Road, Zhongzheng District, Taipei City 100, Tel: (02)66365566. Warning: Investors, please note that if those eligible for conversion do not request it in writing by July 9, 115, the company will redeem all their bonds in cash at face value.