K Wave Media Ltd. (KWM) Form 6-K — May 4, 2026
K Wave Media Ltd. announced a strategic pivot to AI infrastructure, securing access to up to $485 million in capital via an amended Securities Purchase Agreement with Anson Funds. The funds, previously committed for a Bitcoin treasury strategy, will now be used for data center investments, GPU operations, and acquisitions in the AI sector. The company also approved the disposition of its largest subsidiary, Play Co., Ltd., which will eliminate approximately $48 million in debt and related liabilities.
Key figures
- Total Debt
- 48000000
- Gross Proceeds
- 485000000
- Debt Reduction Amount
- 48000000
- Previous Commitment Amount
- 500000000
- Proceeds From Securities Purchase Agreement
- 485000000
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