NAVER Financial Dunamu Stock Exchange Schedule Revised, Shareholder Meeting and Exchange Date Postponed - Existing Terms Unchanged
This amendment revises the schedule of the stock exchange decision filed on November 26, 2025. The shareholder meeting date is postponed from August 18, 2026 to November 19, 2026, and the exchange date from September 30, 2026 to December 31, 2026.
Key transaction terms remain unchanged: exchange ratio of 1:2.5422618, issuance of approximately 87.56 million new NAVER Financial shares valued at about 15.1 trillion KRW, and the appraisal price of 172,780 KRW per share.
The condition that the contract may be terminated if appraisal rights exercised exceed 1.2 trillion KRW per side remains in effect. Regulatory approvals and the Digital Asset Basic Act legislation are key risk factors.
NAVER Financial's plan to form an IPO committee within one year and pursue a stock market listing within five years after the exchange also remains unchanged.
[AI Summary]This amendment solely adjusts the timeline of the stock exchange without altering the core terms or value. The strategic rationale remains: NAVER Financial fully acquires Dunamu to secure digital asset growth drivers and enhance corporate value via a future IPO. Short-term stock price impact is limited, but risks include potential deal termination due to appraisal right thresholds and regulatory uncertainties.
KOSPI Filing Information
[Correction of Description] Decision on Stock Exchange/Transfer (Major Management Matters of Subsidiary)