| Schedule of Share Based Compensation Expense |
The Company has incentive awards for employees, Earnout RSRs and converted options. The below table summarizes share-based compensation expense for the six months ended June 30, 2024 and 2023.
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(Unit: USD) |
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RSRs compensation expense in administrative expense |
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13,875 |
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— |
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Converted option compensation in administrative expense |
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428,746 |
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411,384 |
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Total |
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442,621 |
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411,384 |
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The Company has incentive awards for employees, Earnout RSRs and converted options. The below table summarizes share-based compensation expense for the years ended December 31, 2023, 2022 and 2021.
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RSRs compensation expense in administrative expense |
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3,507 |
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— |
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— |
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Converted option compensation in administrative expense |
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2,529,314 |
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687,888 |
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277,638 |
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Total |
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2,532,821 |
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687,888 |
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277,638 |
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| Schedule of Stock Options Granted by the Company to the Executive Management and Employees |
Details of stock options granted by the Company to the executive management and employees, including the President, Vice President, CEO, and CFO, for the year ended June 30, 2024, are as follows:
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(Unit: USD, Share) |
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Grant date |
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March 30, 2022 |
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Total number of Captivision Korea Options (A) (*) |
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1,000,000 |
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Terminated (B) |
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57,983 |
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Outstanding of Captivision Korea Options (C = A - B) (**) |
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942,017 |
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Exchange ratio (D) |
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|
0.8008 |
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Captivision Korea Converted Options (E = C x D) |
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|
754,351 |
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Granting method |
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Stock issue |
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Exercise price |
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4.84 |
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Available period for exercise |
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March 30, 2024~
March 29, 2027
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| (*) |
On March 30, 2022, Captivision Korea issued 1,000,000 shares of stock options with an exercise price of KRW 5,000 (USD 4.84). A total of 1,000,000 Captivision Korea options were granted by 2022, but 57,983 Captivision Korea options were terminated as of November 15, 2023. |
| (**) |
On November 15, 2023, 942,017 outstanding Captivision Korea options were converted into 754,351 shares of Captivision Korea Converted Options, reflecting the exchange ratio. There were no options exercised as of June 30 2024. |
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Details of stock options granted by the Company to the executive management and employees, including the President, Vice President, CEO, and CFO, for the year ended December 31, 2023, are as follows:
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Grant date |
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March 30, 2022 |
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Total number of Captivision Korea Options(A) (*) |
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1,000,000 |
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Terminated(B) |
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57,983 |
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Outstanding of Captivision Korea Options (C=A-B) (**) |
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|
942,017 |
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Exchange ratio(D) |
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|
0.8008 |
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Captivision Korea Converted Options (E=C x D) |
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|
754,351 |
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Granting method |
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|
Stock issue |
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Exercise price |
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4.84 |
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Available period for exercise |
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March 30, 2024~
March 29, 2027 |
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| (*) |
On March 30, 2022, Captivision Korea issued 1,000,000 shares of stock options with an exercise price of KRW 5,000 (USD 4.84). A total of 1,000,000 Captivision Korea options were granted by 2022, but 57,983 Captivision Korea options were terminated as of November 15, 2023. |
| (**) |
On November 15, 2023, 942,017 outstanding Captivision Korea options were converted into 754,351 shares of Captivision Korea Converted Options, reflecting the exchange ratio. There were no options exercised as of December 2023. |
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