CURRENT MOTOR Corporation [7690.T]
TOKYO, May 18 (Pulse News Wire) – CURRENT MOTOR Corporation (7690.T) announced today that its board of directors, held on May 18, approved the issuance of tax-qualified stock options to one employee based on performance evaluation. The options will be granted free of charge and will vest on June 15, 2026.
The total number of options to be issued is 1,000, which could potentially dilute existing shareholders' equity by up to 0.01%. However, the company believes this issuance will contribute positively to shareholder value. Each option entitles the holder to purchase one ordinary share at an exercise price initially set at ¥1,000 per share.
The options will remain exercisable for ten years from two years after the grant date, subject to certain conditions such as continuous employment status and adherence to company regulations. In addition, the company stated that should it undergo organizational restructuring through mergers, spin-offs, or similar activities, the treatment of outstanding stock options would follow specific provisions outlined in the Corporate Law. Any fractional shares resulting from exercising the options will be rounded down to the nearest whole share.
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