Scientech Announces Redemption of Its 1st Domestic Unsecured Convertible Bonds (Scientech CB I, Code: 35831) and Delisting
NQ Score
90/100
AI Summary (NQ-processed)
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.
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