Scientech Corp. Announces Exercise of Redemption Right for 2nd Domestic Unsecured Convertible Bonds (Code: 35832) and Termination of Trading on July 8, 2026
Scientech Corporation has announced its decision to exercise the redemption right for its 2nd Domestic Unsecured Convertible Bonds (Code: 35832, Abbreviation: Scientech II), in accordance with Article 18 of the bond's issuance and conversion regulations. This decision was made because the closing price of the company's common stock exceeded the conversion price by over 30% for 30 consecutive business days. The redemption period is from June 8, 2026, to July 7, 2026, at a redemption price of 100% of the bond's face value. Bondholders may request to convert their bonds into common stock by July 9, 2026; otherwise, they will be redeemed for cash. Trading of the bonds will terminate on July 8, 2026.
📋 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 08:09 (9 min after Collected)
## Scientech Corporation Announcement on Early Redemption of 2nd Domestic Unsecured Convertible Bonds
**Basis:** In accordance with Article 18 of the Issuance and Conversion Regulations for the Scientech II bonds.
**Redemption Right Exercise Period:** From June 8, 2026 (Minguo Year 115) to July 7, 2026. The redemption price is 100.0000% of the bond's face value.
### Details
(I) Basis and Conditions:
According to Article 18, Paragraph 1 of the Issuance and Conversion Regulations for Scientech's 2nd Domestic Unsecured Convertible Bonds, if the closing price of the company's common stock exceeds the current conversion price by 30% or more for 30 consecutive trading days at any time from the day after the three-month anniversary of issuance (September 20, 2024) until 40 days before the maturity date (May 10, 2027), the company may, within the following 30 trading days, redeem all bonds in cash at face value by sending a 30-day "Bond Redemption Notice" to the bondholders by registered mail. The company will redeem the outstanding convertible bonds in cash at face value within five business days after the bond redemption record date.
(II) Book-Entry Transfer Suspension Period: Not applicable.
(III) Notification and Acceptance Period for Bond Redemption: From June 8, 2026, to July 7, 2026.
(IV) Bond Redemption Record Date: July 7, 2026.
(V) Termination Date of Over-the-Counter Trading: July 8, 2026.
(VI) Date of Mailing Bond Redemption Notice: June 8, 2026.
(VII) Bond Redemption Procedure:
1. Bondholders should submit the "Application Form for Book-Entry Convertible Bond Conversion/Redemption/Put" (available at securities firms), affixed with their depository account seal, along with their securities passbook and a copy of both sides of their ID card, to their securities firm.
2. Bondholders can complete the redemption procedure at their securities firm from the start date of the redemption notice (June 8, 2026) until the business day preceding the expiration date (July 7, 2026).
(VIII) Option to Convert to Common Stock:
Bondholders who do not wish for the company to exercise its redemption right and intend to convert their bonds into common stock must complete the conversion procedure at their securities firm no later than July 9, 2026.
(IX) Company's Stock Transfer Agent:
- Name: CTBC Bank, Agency Department
- Address: 5F, No. 83, Section 1, Chongqing South Road, Zhongzheng District, Taipei City 100, Taiwan
- Phone: (02)66365566
**Important Notice:** Investors, please be aware. If bondholders eligible for conversion do not submit a written request to convert by July 9, 2026, the company will redeem all their bonds in cash at face value.
**Basis:** In accordance with Article 18 of the Issuance and Conversion Regulations for the Scientech II bonds.
**Redemption Right Exercise Period:** From June 8, 2026 (Minguo Year 115) to July 7, 2026. The redemption price is 100.0000% of the bond's face value.
### Details
(I) Basis and Conditions:
According to Article 18, Paragraph 1 of the Issuance and Conversion Regulations for Scientech's 2nd Domestic Unsecured Convertible Bonds, if the closing price of the company's common stock exceeds the current conversion price by 30% or more for 30 consecutive trading days at any time from the day after the three-month anniversary of issuance (September 20, 2024) until 40 days before the maturity date (May 10, 2027), the company may, within the following 30 trading days, redeem all bonds in cash at face value by sending a 30-day "Bond Redemption Notice" to the bondholders by registered mail. The company will redeem the outstanding convertible bonds in cash at face value within five business days after the bond redemption record date.
(II) Book-Entry Transfer Suspension Period: Not applicable.
(III) Notification and Acceptance Period for Bond Redemption: From June 8, 2026, to July 7, 2026.
(IV) Bond Redemption Record Date: July 7, 2026.
(V) Termination Date of Over-the-Counter Trading: July 8, 2026.
(VI) Date of Mailing Bond Redemption Notice: June 8, 2026.
(VII) Bond Redemption Procedure:
1. Bondholders should submit the "Application Form for Book-Entry Convertible Bond Conversion/Redemption/Put" (available at securities firms), affixed with their depository account seal, along with their securities passbook and a copy of both sides of their ID card, to their securities firm.
2. Bondholders can complete the redemption procedure at their securities firm from the start date of the redemption notice (June 8, 2026) until the business day preceding the expiration date (July 7, 2026).
(VIII) Option to Convert to Common Stock:
Bondholders who do not wish for the company to exercise its redemption right and intend to convert their bonds into common stock must complete the conversion procedure at their securities firm no later than July 9, 2026.
(IX) Company's Stock Transfer Agent:
- Name: CTBC Bank, Agency Department
- Address: 5F, No. 83, Section 1, Chongqing South Road, Zhongzheng District, Taipei City 100, Taiwan
- Phone: (02)66365566
**Important Notice:** Investors, please be aware. If bondholders eligible for conversion do not submit a written request to convert by July 9, 2026, the company will redeem all their bonds in cash at face value.
FAQ
What is the redemption price for Scientech II bonds?
They will be redeemed in cash at 100% of the bond's face value.
What should bondholders do?
They can either convert to shares by July 9, 2026, or do nothing and be automatically redeemed for cash.
Where can I process the redemption?
You need to carry out the bond redemption procedure at your usual securities firm.