Scinope Technology to Exercise Redemption Right on 1st Domestic Unsecured Convertible Bonds (35831)

AI Summary (NQ-processed)

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.