K Wave Media to Acquire Rabbit Walk Inc.

Ticker: KWMWW · Form: 6-K · Filed: Sep 2, 2025 · CIK: 2000756

Sentiment: neutral

Topics: acquisition, share-purchase-agreement

TL;DR

K Wave Media is buying Rabbit Walk Inc. via SPA signed Aug 27.

AI Summary

On September 2, 2025, K Wave Media Ltd. announced the execution of a Share Purchase Agreement (SPA) dated August 27, 2025, to acquire Rabbit Walk Inc. The agreement was made among K Wave Media Ltd., Joong-Jae Lee, Myung-jong Kim, Yoon-wook Eo, Phillip Kim, and other sellers.

Why It Matters

This acquisition could significantly expand K Wave Media's market presence and service offerings in the entertainment industry.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent risks related to integration, valuation, and market reception.

Key Players & Entities

FAQ

What is the primary purpose of this 6-K filing?

The filing announces the execution of a Share Purchase Agreement (SPA) by K Wave Media Ltd. for the acquisition of Rabbit Walk Inc.

When was the Share Purchase Agreement executed?

The Share Purchase Agreement was executed on August 27, 2025.

Who are the parties involved in the Share Purchase Agreement?

The parties include K Wave Media Ltd., Joong-Jae Lee, Myung-jong Kim, Yoon-wook Eo, Phillip Kim, and other sellers signatory to the SPA.

What is the name of the company K Wave Media Ltd. is acquiring?

K Wave Media Ltd. is acquiring Rabbit Walk Inc.

On what date did K Wave Media Ltd. issue the press release announcing the SPA?

K Wave Media Ltd. issued the press release on September 2, 2025.

Filing Stats: 2,050 words · 8 min read · ~7 pages · Grade level 17.5 · Accepted 2025-09-02 16:18:11

Key Financial Figures

Filing Documents

01

Item 1.01 Announcement of Execution of Share Purchase Agreement Regarding the Purchase of Rabbit Walk Inc. On September 2, 2025, K Wave Media Ltd. (the “Company”) issued a press release announcing the execution of a Share Purchase Agreement, dated August 27, 2025 (the “SPA”), by and among the Company, Joong-Jae Lee, Myung-jong Kim, Yoon-wook Eo and Phillip Kim, and the other sellers signatories to the SPA (collectively, the “Sellers”), the terms and conditions of which are described below. A copy of the press release is attached as Exhibit 99.1 to this report on Form 6-K and is incorporated by reference herein. The Share Purchase Agreement Pursuant to the SPA, the Sellers have agreed to sell to the Company, and the Company has agreed to purchase from the Sellers, an aggregate of 110,000 of the common shares (the “Rabbit Walk Shares”) of Rabbit Walk Inc., a company duly incorporated and existing under the laws of the Republic of Korea and engaged in the business of video and content media production (“Rabbit Walk”), which Rabbit Walk Shares represented 55% of the issued and outstanding common stock of Rabbit Walk as of the date of the SPA. In consideration of the Company’s purchase from the Sellers of the Rabbit Walk Shares, the Company agreed to, at the closing of the transactions contemplated by the SPA (the “Closing”), issue to the Sellers shares (collectively, the “Consideration Shares”) of the Company’s ordinary shares, par value $0.0001 per share (“Ordinary Shares”), having an aggregate value of South Korean Won (“KRW”) 9,075,000,000 calculated based on the average closing prices of the Ordinary Shares for the five consecutive business days ending on the day immediately preceding August 21, 2025 (or, USD $2.50 per Ordinary Share). The number of Consideration Shares to be issued by the Company to the Sellers will be dependent on the ex

Forward-Looking Statements

Forward-Looking Statements This Report on Form 6-K includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this communication and on the current expectations of the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions. If any of these risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied b

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