AGM/EGMJul 10, 2026, 04:08 PM
K Wave Media Shareholders Approve Share Consolidation, Name Change
AI Summary
K Wave Media Ltd. held its 2026 Annual General Meeting on July 10, 2026, where shareholders approved several key proposals. These included a share consolidation of up to 1-for-30, an increase in authorized share capital by 90,000,000 preference shares, and a company name change. Shareholders also approved the appointment of three Class I directors and the rescission of a Share Purchase Agreement from March 2023.
Key Highlights
- Shareholders approved a share consolidation (reverse stock split) of up to 1-for-30.
- Authorized share capital increased by 90,000,000 preference shares.
- Company name change was approved by shareholders.
- Three Class I directors, Yang Kan Chong, Jaekeun (Jason) Kim, and Ted Kim, were appointed.
- Rescission and termination of the Share Purchase Agreement dated March 31, 2023, was approved.
- The Annual General Meeting had a quorum of 50.93% of ordinary shares entitled to vote.
Price Impact
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