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[Breaking] Naver Financial-Dunamu Share Exchange Schedule Postponed... General Meeting Changed to November, Exchange Date to December

Naver announced in a corrected regulatory filing on the 6th that the schedule for the comprehensive share exchange between its subsidiary Naver Financial and Du

Oseong Kwon
Staff Reporter
5 min read
[Breaking] Naver Financial-Dunamu Share Exchange Schedule Postponed... General Meeting Changed to November, Exchange Date to December
CBC News

Naver announced in a corrected regulatory filing on the 6th that the schedule for the comprehensive share exchange between its subsidiary Naver Financial and Dunamu has been changed.

The company cited the change in the share exchange schedule as the reason for the correction. The revised detailed schedule is as follows.

• Naver Financial General Shareholders' Meeting scheduled date: August 18, 2026 ➔ November 19, 2026 • Share exchange date: September 30, 2026 ➔ December 31, 2026

This schedule is tentative and may be subject to further changes. A supplementary filing will be made once the schedule is finalized.

Purpose and Details of the Share Exchange The purpose of this share exchange is for Naver Financial to fully incorporate Dunamu as a 100% subsidiary in order to secure a digital asset-based future growth engine. The share exchange ratio is 2.5422618, and upon completion of the exchange, Naver Financial will become the wholly owning parent company.

Adjustment of Appraisal Rights Schedule In line with the change in the share exchange schedule, the schedule related to appraisal rights has also been adjusted. • Period for receiving notifications of objection: November 4, 2026 – November 18, 2026 • Period for exercising appraisal rights: November 19, 2026 – December 9, 2026 • Scheduled payment date: December 16, 2026 • Proposed purchase price for Naver Financial shares: 172,780 won per share

Future Listing Plans and Risk Factors The company plans to establish an IPO committee within one year in accordance with agreements among investors in order to pursue the listing of Naver Financial after the completion of the share exchange. However, the specifics regarding the promotion, schedule, and execution plan for the listing have not yet been finalized. The company will make a regulatory filing once related matters are decided.

Furthermore, the company added that this transaction may face schedule delays or potential cancellation depending on relevant government licensing procedures, including approval of the business combination from the Korea Fair Trade Commission and approval for the change of majority shareholder from financial authorities. Additionally, future institutional changes, such as the enactment or amendment of laws related to digital assets, may also affect the progress of the transaction.

Oseong Kwon
Staff Reporter

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