Scinope Technology to Exercise Redemption Right on 2nd Domestic Unsecured Convertible Bonds (35832)

AI Summary (NQ-processed)

Scinope Technology (Scinope, ticker: 3583) has announced it will exercise its redemption right on its second domestic unsecured convertible bonds (Ticker: 35832). This is due to the closing price of its common stock exceeding 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 of the bonds will terminate on July 8, 115. Bondholders may choose to convert their bonds into common stock by July 9.