K Wave Media Ltd. (KWM) Form 6-K — Jun 4, 2026
K Wave Media Ltd. (KWM) has entered into a Rescission and Termination Agreement to unwind its 2023 acquisition of Solaire Partners LLC. Under the terms, KWM will return 95% of Solaire’s equity to the original sellers in exchange for the return of approximately 9.8 million ordinary shares of KWM, which will be held as treasury shares or cancelled. The agreement includes the resignation of Pyungho Choi as Chairman of the Board within 60 days, subject to the completion of share transfers.
Key figures
- Shares Offered
- 9827057
- Solaire equity percentage
- 95%
- Shares returned to treasury
- 9827057
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