K Wave Media Ltd. beneficial ownership disclosure: Anson Funds Management LP and affiliated entities report shared beneficial ownership of 3,823,333 Ordinary Shares, equal to 6.1% of the outstanding Ordinary Shares. The ownership reflects shares held by private funds advised by the reporting group and is disclosed on a Schedule 13G.
The percentage is calculated by dividing 3,823,333 by the issuer's reported 63,246,290 Ordinary Shares outstanding as reported in the issuer's Annual 20-F filed May 16, 2025. Signatures are dated 05/15/2026.
Positive
None.
Negative
None.
Insights
Large passive stake disclosed by Anson group; voting and dispositive power reported as shared.
The filing states the reporting persons collectively have shared voting and shared dispositive power over 3,823,333 shares (6.1% of 63,246,290). The shares are held by private funds for which the firms act as co-investment advisors.
Cash‑flow treatment and intent (passive vs. active) are not specified in the excerpt; subsequent filings or amendments could clarify whether this stake is passive under Schedule 13G conditions.
Key Figures
Shares beneficially owned:3,823,333 sharesPercent of class:6.1%Shares outstanding (reference):63,246,290 shares+2 more
5 metrics
Shares beneficially owned3,823,333 sharesHeld by private funds advised by the reporting group
Percent of class6.1%Calculated using 63,246,290 shares outstanding per Annual 20‑F
Shares outstanding (reference)63,246,290 sharesReported in issuer's Annual 20‑F filed May 16, 2025
Filing signatures dated05/15/2026Signature dates on the Schedule 13G
CUSIPG53151109CUSIP for Ordinary shares as listed in the filing
"relating to Ordinary shares, no par value per share (the "Ordinary Shares")"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Shared dispositive powerfinancial
"Shared Dispositive Power 3,823,333.00"
Beneficial ownershipregulatory
"Amount beneficially owned: This (the "") is being filed on behalf of Anson Funds Management LP"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
K Wave Media Ltd.
(Name of Issuer)
Ordinary shares, no par value per share
(Title of Class of Securities)
G53151109
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G53151109
1
Names of Reporting Persons
Anson Funds Management LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,823,333.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,823,333.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,823,333.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.1 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
G53151109
1
Names of Reporting Persons
Anson Management GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,823,333.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,823,333.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,823,333.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.1 %
12
Type of Reporting Person (See Instructions)
HC, OO
SCHEDULE 13G
CUSIP Number(s):
G53151109
1
Names of Reporting Persons
Tony Moore
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,823,333.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,823,333.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,823,333.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.1 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP Number(s):
G53151109
1
Names of Reporting Persons
Anson Advisors Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CANADA (FEDERAL LEVEL)
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,823,333.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,823,333.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,823,333.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.1 %
12
Type of Reporting Person (See Instructions)
FI, CO
SCHEDULE 13G
CUSIP Number(s):
G53151109
1
Names of Reporting Persons
Amin Nathoo
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CANADA (FEDERAL LEVEL)
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,823,333.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,823,333.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,823,333.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.1 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP Number(s):
G53151109
1
Names of Reporting Persons
Moez Kassam
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CANADA (FEDERAL LEVEL)
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,823,333.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,823,333.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,823,333.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.1 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
K Wave Media Ltd.
(b)
Address of issuer's principal executive offices:
121 South Church Street, George Town, Grand Cayman, CAYMAN ISLANDS , KY1-1104.
Item 2.
(a)
Name of person filing:
Anson Funds Management LP, Anson Management GP LLC, Mr. Tony Moore, Anson Advisors Inc., Mr. Amin Nathoo and Mr. Moez Kassam
(b)
Address or principal business office or, if none, residence:
For Anson Funds Management LP, Anson Management GP LLC and Mr. Moore:
16000 Dallas Parkway, Suite 800
Dallas, Texas 75248
For Anson Advisors Inc., Mr. Nathoo and Mr. Kassam:
181 Bay Street, Suite 4200 Toronto, ON
M5J 2T3
(c)
Citizenship:
Anson Funds Management LP is a limited partnership organized under the laws of the State of Texas. Anson Management GP LLC is a limited liability company organized under the laws of the State of Texas. Mr. Moore is a United States citizen. Anson Advisors Inc. is a corporation organized under the laws of Ontario, Canada. Mr. Nathoo and Mr. Kassam are each Canadian citizens.
(d)
Title of class of securities:
Ordinary shares, no par value per share
(e)
CUSIP Number(s):
G53151109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Canadian Investment Advisor
Item 4.
Ownership
(a)
Amount beneficially owned:
This Schedule 13G (the "Schedule 13G") is being filed on behalf of Anson Funds Management LP (d/b/a Anson Funds), a Texas limited partnership, Anson Management GP LLC, a Texas limited liability company, Mr. Tony Moore, the principal of Anson Funds Management LP and Anson Management GP LLC, Anson Advisors Inc., an Ontario, Canada corporation, Mr. Amin Nathoo, a director of Anson Advisors Inc., and Mr. Moez Kassam, a director of Anson Advisors Inc., relating to Ordinary shares, no par value per share (the "Ordinary Shares"), of K Wave Media Ltd., a Cayman Islands corporation (the "Issuer").
This Schedule 13G relates to the Common Stock of the Issuer purchased by one or more private funds to which Anson Funds Management LP and Anson Advisors Inc. serve as co-investment advisors (collectively, the "Funds"). Anson Funds Management LP and Anson Advisors Inc. serve as co-investment advisors to the Funds and may direct the vote and disposition of the 3,823,333 Ordinary Shares held by the Funds. As the general partner of Anson Funds Management LP, Anson Management GP LLC may direct the vote and disposition of the 3,823,333 Ordinary Shares held by the Funds. As the principal of Anson Fund Management LP and Anson Management GP LLC, Mr. Moore may direct the vote and disposition of the 3,823,333 Ordinary Shares held by the Funds. As directors of Anson Advisors Inc., Mr. Nathoo and Mr. Kassam may each direct the vote and disposition of the 3,823,333 Ordinary Shares held by the Funds.
(b)
Percent of class:
Anson Funds Management LP, Anson Management GP LLC, Mr. Moore, Anson Advisors Inc., Mr. Nathoo and Mr. Kassam are the beneficial owners of 6.1% of the outstanding Ordinary Shares. This percentage is determined by dividing 3,823,333 by 63,246,290, which is the number Ordinary Shares issued and outstanding, as reported in the Issuer's Annual 20-F filed with the Securities and Exchange Commission (the "SEC") on May 16, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Section 4(a)
(ii) Shared power to vote or to direct the vote:
See Section 4(a)
(iii) Sole power to dispose or to direct the disposition of:
See Section 4(a)
(iv) Shared power to dispose or to direct the disposition of:
See Section 4(a)
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Section 4(a)
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Section 4(a)
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Anson Advisors Inc. is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does Anson Funds Management report in KWM?
Anson Funds Management and affiliates report shared beneficial ownership of 3,823,333 Ordinary Shares, representing 6.1% of the issuer's 63,246,290 Ordinary Shares outstanding as referenced from the Annual 20-F.
How was the 6.1% ownership percentage calculated for KWM?
The percentage is stated as 3,823,333 divided by 63,246,290, which the filing cites as the number of Ordinary Shares issued and outstanding per the Annual 20-F filed May 16, 2025.
Who in the Anson group has voting or dispositive power over the shares?
The filing says the funds are advised by Anson Funds Management LP and Anson Advisors Inc.; Anson Management GP LLC and Mr. Tony Moore are described as able to direct vote and disposition, with Mr. Nathoo and Mr. Kassam similarly identified as directors.
Is this Schedule 13G filing indicating an active takeover or passive holding?
The filing is a Schedule 13G disclosure of beneficial ownership; it states advisory relationships and shared power but does not state activist intent. The document does not specify whether the position is passive or intended for active control.
What are the key dates in the filing for KWM ownership disclosure?
The schedule references the issuer's Annual 20-F filed May 16, 2025 for outstanding share counts and shows signatures dated 05/15/2026. A date near the top also appears as 03/31/2026 in the excerpt.
