Welcome to our dedicated page for K Wave Media Ltd. SEC filings (Ticker: KWM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
K Wave Media Ltd. filings document foreign private issuer disclosures for a Nasdaq-listed K-content, AI technology, entertainment, and Bitcoin treasury company. The company's Form 6-K reports cover material events, interim financial results, Nasdaq listing compliance matters, shareholder voting topics, governance updates, and capital-structure disclosures involving its ordinary shares.
The filing record also documents acquisition agreements and subsidiary transactions, including the purchase of interests in Hansol Inticube through Playverse and ordinary-share purchases involving key shareholders and company treasury arrangements. These disclosures describe transaction agreements, ownership interests, purchase terms, risk language, exhibit materials, and related public-company reporting obligations.
K Wave Media Ltd. director Lee Young Jae filed an initial Form 3 reporting beneficial ownership of ordinary shares. The filing shows direct ownership of 2,716,633 ordinary shares, par value $0.0001 per share, as of 2026-03-18. This Form 3 records an existing position and does not report any recent share purchases or sales.
K Wave Media Ltd. disclosed that its Chief Financial Officer, Fang Yong, holds 50,099 Ordinary Shares, par value $0.0001 per share. This Form 3 filing records his direct ownership position as of 2026-03-18, without reporting any new purchase or sale transactions.
K Wave Media Ltd. director Choi Pyeung Ho filed an initial ownership report showing direct holdings of 4,952,283 ordinary shares as of March 18, 2026. This Form 3 filing establishes his starting equity position as a director, without reporting any purchase, sale, or derivative positions.
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.
K Wave Media Ltd., through its wholly owned subsidiary Playverse Co. Ltd., completed the purchase of 5,864,088 shares of Hansol Inticube Co., an AI language and software development company. The aggregate purchase price for these shares was KRW15,000,337,104, paid in cash.
The acquired shares constitute a controlling stake in Hansol Inticube, a KOSDAQ-listed provider of AI contact center solutions, voice recognition, chatbots, smart solutions, and platform technologies. Hansol Inticube reported approximately $35 million in revenue for the first nine months of 2025, highlighting its existing commercial scale.
K Wave Media describes this as its second AI technology acquisition and plans to establish a dedicated AI division alongside its content IP and commercialization activities. Management expects to integrate Hansol Inticube’s AI and cloud capabilities with K Wave Media’s global K‑content and fandom businesses to build platform-based services focused on fan engagement, merchandising, and content monetization.
K Wave Media Ltd. files a Form F-1 to register up to 9,698,225 Ordinary Shares issuable upon exercise of public warrants and up to 2,884,262 Ordinary Shares for resale by selling securityholders.
The prospectus explains that K Wave will receive proceeds only if Public Warrants are exercised for cash (each at $11.50) and that the Company will not receive proceeds from the Conversion Shares sold by the selling securityholders. The filing describes material transactions including PIPE conversions, a $15.0M Anson initial financing, a $500M standby equity purchase agreement capacity, the SEPA collateral (including 88 BTC as of the prospectus date), and acquisitions of Korean content businesses closed as part of the Business Combination on May 13, 2025.
K Wave Media Ltd. furnished unaudited interim condensed results for the six months ended June 30, 2025 and disclosed a key listing update. Revenue reached ₩30,602,110 thousand, up from ₩18,981,979 thousand a year earlier, but the Company recorded a loss of ₩40,217,421 thousand and negative operating cash flow of ₩4,733,425 thousand.
Management highlights a going concern uncertainty, noting significant losses, cash burn and current liabilities exceeding current assets by ₩62,655,639 thousand, despite cash and cash equivalents of ₩8,724,499 thousand. On the listing side, Nasdaq confirmed the Company has regained compliance with the ₩50,000,000 Market Value of Listed Securities requirement, closing a prior deficiency.
K Wave Media Ltd. shareholders filed Amendment No. 1 to their Schedule 13D to update ownership in the company’s ordinary shares. The filing reflects significant share transfers and sales by several large holders and recalculates their stakes based on 69,166,879 ordinary shares outstanding.
Ted Kim transferred 1,853,874 shares to Jaekeun Kim as a bonus award and, through affiliated entities, disposed of additional shares, reducing his position to 3,364,703 shares, or 4.83% of the company. Hyung Seok Cho now holds 46,280 shares, or 0.07%, after disposing of 8,622,587 shares, while Young Jae Lee holds 2,716,633 shares, or 3.93%, after selling 1,954,668 shares.
As a result, Hyung Seok Cho, Ted Kim, and Young Jae Lee each ceased to be beneficial owners of more than five percent of K Wave Media’s ordinary shares, while Jaekeun Kim and Pyeung Ho Choi remain larger holders with 10.31% and 7.16% stakes, respectively.
K Wave Media Ltd. reported that Nasdaq has notified the company it is not meeting the Nasdaq Global Market requirement that its Market Value of Listed Securities be at least $50 million. Nasdaq found the company’s market value was below this threshold from November 25, 2025 through January 20, 2026 under Listing Rule 5450(b)(2)(A).
The company has 180 calendar days, until July 21, 2026, to regain compliance by having its market value at or above $50 million for at least ten consecutive business days. If it fails to do so, its shares may be subject to delisting, though it could appeal or seek transfer to the Nasdaq Capital Market. The company states it is evaluating options and aims to regain compliance while continuing to focus on its long-term strategy.