Naver Financial-Dunamu Stock Exchange Postponed to December 31

Naver Financial and Dunamu postponed their comprehensive stock exchange to December 31. Dunamu announced on the 6th that the stock exchange and transfer date was changed from September 30 to December 31. This marks the second postponement, following a previous delay in March when the exchange date was moved from June 30 to September 30. The postponement stems from pending regulatory approvals required under relevant laws. The stock exchange involves South Korea's major fintech and cryptocurrency companies navigating regulatory oversight.

Dunamu Announces Second Stock Exchange Postponement

Dunamu disclosed on the 6th that the stock exchange and transfer date with Naver Financial was changed from September 30 to December 31. In March, the companies previously postponed the exchange date from June 30 to September 30, making this the second schedule adjustment.

Exchange Ratio Remains Unchanged at 2.5422618 Shares

The stock exchange ratio remains 1 Dunamu share for 2.5422618 Naver Financial shares, identical to the original agreement. The exchange terms have not been modified despite the timeline changes.

Regulatory Approvals Required Under Multiple Laws

Dunamu stated that the comprehensive stock exchange requires government approvals under relevant laws, including Fair Trade Commission corporate merger approval, major shareholder change approval under the Credit Information Act, and major shareholder change notification under the Specific Financial Information Act. The company noted that the schedule may be delayed or the comprehensive stock exchange may be canceled depending on the progress of obtaining these regulatory permissions.

Digital Asset Framework Act Legislation Noted as Potential Factor

Dunamu added that Digital Asset Framework Act legislation discussions appear to be ongoing, and the content of laws enacted and implemented in the future may affect the progress or results of the comprehensive stock exchange.

FAQ

What is the new stock exchange date for Naver Financial and Dunamu? The stock exchange date was changed to December 31 from the previously scheduled September 30.

Why was the Naver Financial-Dunamu stock exchange postponed? The postponement occurred because the companies must obtain government approvals under relevant laws, including Fair Trade Commission corporate merger approval, Credit Information Act major shareholder change approval, and Specific Financial Information Act major shareholder change notification.