K Wave Media Ltd. (KWM) Form 6-K — May 27, 2026
K Wave Media Ltd. is soliciting shareholder approval for a reverse stock split of up to 30-for-1, a move typically associated with penny stocks seeking to maintain exchange listing compliance. The proposal allows the board to determine the final ratio within the range, consolidating existing shares with a par value of $0.0001 into shares with a par value of up to $0.10. The company is also seeking approval to change its name from 'K Wave Media Ltd.' to a new name to be determined by the board, alongside an increase in authorized preference shares from 10 million to 100 million.
Key figures
- Shares Outstanding
- 78514509
- Current par value
- US$0.0001
- Proposed par value
- up to US$0.1
- Play shares acquired
- 83418
- Authorized ordinary shares
- 990000000
- Outstanding play amount krw
- 67556531797
- Proposed reverse split ratio
- up to 30:1
- K wave shares issued for play
- 8622587
- Current authorized capital usd
- 100000
- Proposed authorized capital usd
- 109000
- Additional cash consideration krw
- 36232018000
- Current authorized preference shares
- 10000000
- Proposed authorized preference shares
- 100000000
AI analysis
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