Creative Global Technology Holdings Limited (CGTL) reported that as of March 19, 2025, it had issued and granted a total of 4,287,500 Ordinary Shares under its 2024 Stock Incentive Plan. The total value attributed to these granted shares amounted to $15,776,500.
This issuance represents a significant share-based compensation expense for the company during the period. The shares were granted as part of the incentive plan adopted on January 17, 2025, aiming to incentivize key personnel.
The substantial value of these grants will impact the company's financial statements, specifically contributing to increased expenses. This action also introduces potential dilution for existing shareholders as new shares are issued.
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