Scientech Announces Redemption of Its 1st Domestic Unsecured Convertible Bonds (Scientech CB I, Code: 35831) and Delisting
Scientech Corporation will exercise its redemption right on its 1st domestic unsecured convertible bonds (Scientech CB I) because the closing price of its common stock exceeded the conversion price by 30% for 30 consecutive business days. The redemption period is from June 8 to July 7, 2026, at 100% of the bond's face value. The bonds will be delisted from the OTC market on July 8, 2026. Bondholders may choose to convert their bonds into common stock before the deadline.
📋 Article Processing Timeline
- 📰 Published: May 18, 2026 at 09:00
- 🔍 Collected: May 19, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 19, 2026 at 08:12 (12 min after Collected)
Content: In accordance with Article 18 of the Issuance and Conversion Rules for Scientech CB I. The issuing company will exercise its bond redemption right from June 8, 2026, to July 7, 2026, with the redemption price at 100.0000% of the bond's face value. (a) According to Article 18, Paragraph 1 of the issuance and conversion rules, from the day after three months from the issuance date (September 8, 2024) until 40 days before the expiration of the issuance period (April 28, 2027), if the closing price of the company's common stock exceeds the current conversion price by 30% (inclusive) for 30 consecutive trading days, the company may, within the following 30 business days, send a 30-day maturity "Bond Redemption Notice" by registered mail to bondholders (based on the register of bondholders on the fifth business day before the notice is sent). For investors who acquire the convertible bonds later through trading or other means, the notice will be made by public announcement. The company will also request the GreTai Securities Market to announce the exercise of the bond redemption right and will redeem the outstanding convertible bonds in cash at face value within five business days after the bond redemption record date. (b) Book closure period for convertible bonds: Not applicable. (c) Notice and acceptance period for bond redemption: June 8, 2026, to July 7, 2026. (d) Bond redemption record date: July 7, 2026. (e) Convertible bond delisting date: July 8, 2026. (f) Date of sending the bond redemption notice by registered mail: June 8, 2026. (g) Bond redemption procedures: (1) Bondholders should submit 1. Convertible Bond Book-Entry Conversion/Redemption/Put Application Form (available at securities firms) with their securities depository account seal, 2. Securities passbook, and 3. A copy of both sides of their ID card to their securities firm. (2) Bondholders can process the redemption at their securities firm from the start date of the redemption notice (June 8, 2026) until the business day before the expiration date (July 7, 2026). (h) If bondholders do not want the company to exercise its redemption right and wish to convert the bonds into common stock, they must complete the conversion procedure at their securities firm by July 9, 2026, at the latest. (i) Company's stock transfer agent (including address and phone): CTBC Bank, Agency Department, Address: 5F, No. 83, Section 1, Chongqing South Road, Zhongzheng District, Taipei City 100, Phone: (02)66365566. Warning: Investors, please note that if those eligible to request conversion do not do so in writing by July 9, 2026, the company will redeem all their bonds in cash at face value.