K Wave Media (KWM) CEO Kim Ted details share and warrant holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
K Wave Media Ltd. director and Chief Executive Officer Kim Ted filed an initial ownership report showing his equity stake in the company. He holds 2,866,478 Ordinary Shares directly, along with warrants that are exercisable into 498,225 Ordinary Shares at an exercise price of $11.50 per share. These warrants were purchased in a private placement completed concurrently with K Wave Media’s business combination with Global Star Acquisition Inc. on May 13, 2025, and, under the Warrant Agreement, became exercisable thirty days after that business combination and remain exercisable until the date that is five years following its consummation.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kim Ted
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants (right to buy) | -- | -- | -- |
| holding | Ordinary Shares, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Warrants (right to buy) — 498,225 shares (Direct);
Ordinary Shares, par value $0.0001 per share — 2,866,478 shares (Direct)
Footnotes (1)
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FAQ
What does K Wave Media (KWM) CEO Kim Ted report owning in this Form 3?
Kim Ted reports direct ownership of 2,866,478 Ordinary Shares of K Wave Media Ltd. He also holds warrants that can be exercised for 498,225 additional Ordinary Shares, establishing his initial disclosed equity position as director and Chief Executive Officer.
What are the key terms of Kim Ted’s K Wave Media (KWM) warrants?
The filing shows Kim Ted holds warrants to buy 498,225 Ordinary Shares at an exercise price of $11.50 per share. According to the Warrant Agreement, these warrants became exercisable thirty days after the May 13, 2025 business combination and remain exercisable for five years.
How did Kim Ted acquire his K Wave Media (KWM) warrants?
The warrants were purchased by Kim Ted in a private placement completed concurrently with K Wave Media Ltd.’s business combination with Global Star Acquisition Inc. on May 13, 2025. This transaction coincided with the closing of the business combination.
What role does Kim Ted hold at K Wave Media (KWM) according to this filing?
The filing identifies Kim Ted as both a director and an officer of K Wave Media Ltd., serving as Chief Executive Officer. His reported share and warrant positions therefore represent the equity stake of the company’s chief executive.
How long will Kim Ted’s K Wave Media (KWM) warrants remain exercisable?
Under the Warrant Agreement, the warrants became exercisable thirty days after the business combination on May 13, 2025. They remain exercisable until the date that is five years following the consummation of that business combination, as described in the filing.