NHN Completes Signing of Merger Agreement with NHN Investment, No Changes to Terms

Following the board resolution on July 8, 2026 to absorb its wholly-owned subsidiary NHN Investment, NHN finalized the merger agreement with signatures on July 10, 2026, securing legal binding effect.
The merger is structured as a small-scale merger without issuance of new shares, meaning no change in total shares outstanding or paid-in capital, thus posing zero dilution risk to existing shareholders. The merger date is set for September 30, 2026, after which NHN Investment will be dissolved.
On a consolidated basis, this merger is a governance simplification exercise and does not involve any external funding or cash flow impact.
[AI Summary]NHN's subsidiary merger is non-dilutive and has been confirmed with the signed agreement. No special stock price catalyst exists beyond operational efficiency, and given less than 20% opposition threshold, no appraisal rights are triggered, limiting short-term volatility.