WEBTOON Entertainment Inc. Files 8-K for Other Event

TL;DR

WEBTOON filed an 8-K for an 'Other Event' on Sept 2nd - details TBD.

AI Summary

WEBTOON Entertainment Inc. filed an 8-K on September 3, 2024, reporting an "Other Event" that occurred on September 2, 2024. The filing does not disclose the specific nature of this event, only that it is being reported under Item 8.01 of the 8-K form.

Why It Matters

This filing indicates a material event has occurred for WEBTOON Entertainment Inc. that requires disclosure, though the specifics are not yet detailed.

Risk Assessment

Risk Level: medium — The filing is an 8-K for an 'Other Event' without immediate detail, creating uncertainty about the nature and impact of the event.

Key Players & Entities

• WEBTOON Entertainment Inc. (company) — Registrant
• September 02, 2024 (date) — Date of earliest event reported
• September 03, 2024 (date) — Date of Report
• Item 8.01 (other) — Reporting item for the event

FAQ

Key Financial Figures

• $0.0001 — ch registered Common stock, par value $0.0001 per share WBTN Nasdaq Global Select

Filing Documents

• wbtn-20240902.htm (8-K) — 36KB
• 0000950170-24-102850.txt ( ) — 146KB
• wbtn-20240902.xsd (EX-101.SCH) — 24KB
• wbtn-20240902_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events. On August 14, 2024, WEBTOON Entertainment Inc. (the "Company") filed a half-year report for the half-year ended June 30, 2024, with the Financial Supervisory Service of Korea (the "FSS"). The report contained certain errors, including mislabeling certain current or previous members of our board of directors (the "Board"), Haejin Lee, Namsun Kim, Jun Masuda, Seon Ju Chae and Sangjin Park, as " outside directors " ( translated ), when such directors constituted " other directors who are not engaged in regular business " ( translated ) under the applicable laws of Korea. On September 2, 2024, the Company filed a corrective disclosure with the FSS, correcting such errors. A similar error regarding the description of the Company's Board was included in the Company's Registration Statement on Form S-1 (File No. 333-279863) declared effective by the Securities and Exchange Commission on June 26, 2024, (the "S-1"). The following sentence should not have been included: "Each member of the compensation committee will also be a non-employee director, as defined pursuant to Rule 16b-3 promulgated under the Exchange Act, and an outside director, as defined pursuant to Section 162(m) of the Internal Revenue Code of 1986 (the "Code")."

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WEBTOON Entertainment Inc. Date: September 3, 2024 By: /s/ David J. Lee Name: David J. Lee Title: Chief Financial Officer and Chief Operating Officer

View Full Filing

View this 8-K filing on SEC EDGAR