AGM/EGMMay 27, 2026, 04:08 PM
K Wave Media AGM on July 10; Proposes 30-for-1 Share Consolidation, Capital Increase
AI Summary
K Wave Media Ltd. announced its Annual General Meeting (AGM) to be held virtually on July 10, 2026, at 9:00 a.m. Eastern Time. Shareholders will vote on several key proposals, including the re-appointment of three Class I directors, a share consolidation of up to 30-for-1, an increase in authorized share capital by creating 90 million preference shares, and a company name change. Additionally, shareholders will consider rescinding a Share Purchase Agreement from March 2023 and adopting new Articles of Association. The Board unanimously recommends voting for all proposals.
Key Highlights
- AGM scheduled for July 10, 2026, at 9:00 a.m. EST, to be held virtually.
- Proposal for share consolidation (reverse stock split) of up to 30-for-1 ordinary shares.
- Proposal to increase authorized share capital by $9,000 via 90,000,000 additional preference shares.
- Proposal to change the company's name from "K Wave Media Ltd.".
- Proposal to re-appoint three Class I directors: Yang Kan Chong, Jaekeun (Jason) Kim, and Ted Kim.
- Proposal to rescind and terminate the Share Purchase Agreement dated March 31, 2023.
- Proposal to adopt new Second Amended and Restated Memorandum and Articles of Association.
Price Impact
More from KWM