Lumens Bios agrees to acquire control of Polaris Uno for KRW 57.28 billion

Bitget2026/10/21 09:30

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Lumens Bios agreed to acquire control of Polaris Uno from Polaris Sewon and another seller for KRW 57.28 billion.
The October 21, 2026, agreement covers 1,900,000 common shares and KRW 15 billion in fourth-series bearer, coupon-bearing, unsecured convertible bonds.
The buyer’s stake is expected to reach 34%, including shares obtained through conversion of the target’s convertible bonds.
Closing is scheduled for December 11, 2026, with KRW 18 billion of the final payment settled through buyer-issued convertible bonds.
Lumens Bios must convert the acquired bonds once conversion becomes available following closing to secure largest-shareholder status by December 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polaris Uno Inc. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261021900603), on October 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Lumens Bios agrees to acquire control of Polaris Uno for KRW 57.28 billion

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