K Wave Media Sells Shares & Warrants to Galaxy Digital LP

TL;DR

K Wave Media just sold shares and warrants to Galaxy Digital LP via a SPA signed Sept 26.

AI Summary

On September 29, 2025, K Wave Media Ltd. announced the execution of a Securities Purchase Agreement (SPA) dated September 26, 2025, with Galaxy Digital LP. The agreement involves the sale of ordinary shares and warrants to purchase ordinary shares.

Why It Matters

This transaction indicates a capital raise or strategic investment by Galaxy Digital LP into K Wave Media Ltd., potentially impacting the company's financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing details a securities purchase agreement, which can introduce new investors and potentially dilute existing shareholders, but the specific terms and impact are not fully detailed.

Key Players & Entities

• K Wave Media Ltd. (company) — Company executing the agreement
• Galaxy Digital LP (company) — Purchaser of securities
• September 26, 2025 (date) — Date of the Securities Purchase Agreement
• September 29, 2025 (date) — Date of the press release announcing the agreement

FAQ

Key Financial Figures

• $0.0001 — mpany’s Ordinary Shares par value $0.0001 per share (“Ordinary Shares&rdquo
• $1,000,000 — o;), for an aggregate purchase price of $1,000,000, and (ii) warrants to purchase 200,000
• $2.75 — Ordinary Shares at an exercise price of $2.75 per Ordinary Share (subject to customar

Filing Documents

• kwavemedia_6k.htm (6-K) — 28KB
• kwavemedia_ex99-1.htm (EX-99.1) — 13KB
• kwavemedia_ex99-2.htm (EX-99.2) — 430KB
• 0001829126-25-007784.txt ( ) — 472KB

01

Item 1.01 Announcement of Execution of Securities Purchase Agreement Regarding the Sale of Ordinary Shares and Warrants to Purchase Ordinary Shares On September 29, 2025, K Wave Media Ltd. (the “Company”) issued a press release announcing the execution of a Securities Purchase Agreement, dated September 26, 2025 (the “SPA”), by and between the Company and Galaxy Digital LP (“Purchaser”), the terms and conditions of which are described below. Galaxy Digital Capital Management LP, an affiliate of Purchaser, serves as an asset manager and strategic advisor of the Company. 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 Securities Purchase Agreement Pursuant to and subject to the terms and conditions of the SPA, on September 30, 2025 (the “Closing Date”), the Company issued and sold to Purchaser (i) 400,000 of the Company’s Ordinary Shares par value $0.0001 per share (“Ordinary Shares”), for an aggregate purchase price of $1,000,000, and (ii) warrants to purchase 200,000 Ordinary Shares (the “Warrants”). The SPA contains customary representations, warranties, conditions and indemnification obligations of the parties. The foregoing description of the SPA does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the SPA, a copy of which is filed as Exhibit 99.2 hereto and is incorporated herein by reference. The Warrants The Warrants provide Purchaser the right to purchase an aggregate of 200,000 Ordinary Shares at an exercise price of $2.75 per Ordinary Share (subject to customary adjustment provisions in the Warrants, including adjustments upon dividends by the Company of Ordinary Shares and upon any stock splits effectuated by the Company) and are immediately exercisable. The Warrants expire on the fifth anniversary of the date of the SPA. P

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

View Full Filing

View this 6-K filing on SEC EDGAR