The share-swap deal between Dunamu, operator of the Upbit exchange, and Naver Financial has been delayed for a third time, with closing now set for March 31, 2027. This transaction, valued at approximately 15.13 trillion won, involves Naver Financial issuing around 87.56 million new shares at a fixed exchange ratio of 2.5422618 Naver Financial shares per Dunamu share. The repeated postponements are attributed to ongoing regulatory reviews by the Korea Fair Trade Commission and legislative changes related to South Korea’s Digital Asset Framework Act. Key dates for shareholders include the record date of January 18, 2027 and the appraisal rights window from February 26 to March 18, 2027.
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