Ovogen Lowers Second Round New Share Subscription Exercise Price from 14,074 Won to 9,852 Won

Ovogen, a South Korean AI data platform company (ticker: 417860), reduced the exercise price for its second-round new share subscription rights from 14,074 won to 9,852 won due to a stock price decline, as disclosed on July 13. The adjustment impacts exercisable shares, increasing the number from 715,300 to 1,015,022 shares. The revised price, set at 9,852 won (the minimum allowed by a 70% threshold rule), is based on a calculation involving one-month, one-week, and recent-day moving average prices, with the highest value selected from these averages. The adjustment, effective July 10, 2026, follows a stock price drop below the previous exercise price, though it remains above the 70% threshold of the original price.