K Wave Media（KWM）株式概要株式会社ケイ・ウェーブ・メディアは、エンタテインメント・コンテンツおよびIPの制作、マーチャンダイジング、エンタテインメント投資事業を行っている。 詳細KWM ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性0/6配当金0/6報酬過去 1 年間で収益は81.5%増加しましたリスク分析意味のある時価総額がありません ( $10M )キャッシュランウェイが1年未満である マイナスの株主資本 US市場と比較した過去 3 か月間の株価の変動+1 さらなるリスクすべてのリスクチェックを見るKWM Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW490,132 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG490,132 investors already sharing narrativesYour Fair ValueUS$Current PriceUS$0.1465.8% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-206b78b2016201920222025202620282031Revenue ₩78.1bEarnings ₩9.5bAdvancedSet Fair ValueView all narrativesK Wave Media Ltd. 競合他社Pop Culture GroupSymbol: NasdaqCM:CPOPMarket cap: US$6.5mDolphin EntertainmentSymbol: NasdaqCM:DLPNMarket cap: US$13.8mTryHard HoldingsSymbol: NasdaqCM:THHMarket cap: US$14.8mMills Music TrustSymbol: OTCPK:MMTR.SMarket cap: US$6.9m価格と性能株価の高値、安値、推移の概要K Wave Media過去の株価現在の株価US$0.1452週高値US$5.2352週安値US$0.13ベータ0.371ヶ月の変化-43.15%3ヶ月変化-69.78%1年変化-97.17%3年間の変化-98.69%5年間の変化n/aIPOからの変化-98.63%最新ニュースNew Risk • Jul 08New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.90m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-₩22b). Market cap is less than US$10m (US$9.90m market cap). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).New Risk • Jun 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-₩22b). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (US$16.7m market cap).お知らせ • May 28K Wave Media Ltd., Annual General Meeting, Jul 10, 2026K Wave Media Ltd., Annual General Meeting, Jul 10, 2026. Location: 1775 tysons blvd, tysons, virginia 22102, United StatesNew Risk • May 27New major risk - Negative shareholders equityThe company has negative equity. Total equity: -₩22b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-₩22b). Minor Risk Market cap is less than US$100m (US$16.9m market cap).Board Change • May 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director YK Chong was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 27K Wave Media Ltd. (NasdaqGM:KWM)completed the acquisition of 55% stake in Rabbit Walk Inc. from a group of shareholders.K Wave Media Ltd. (NasdaqGM:KWM) entered into a Share Purchase Agreement to acquire 55% stake in Rabbit Walk Inc. from a group of shareholders for KRW 6.3 billion on August 27, 2025. A stock consideration of KRW 9.08 billion valued at KRW 82,500 per share in common equity will be issued by K Wave Media Ltd. An earnout payment of KRW 9.08 billion in common equity will be issued by K Wave Media Ltd. if Rabbit Walk Inc achieves operating profit exceeding KRW 1.2 billion. As part of the consideration K Wave Media Ltd. will pay a total of KRW 18.2 billion for the common equity of Rabbit Walk Inc. As of December 31, 2024, Rabbit Walk Inc. reported revenue of KRW 15.38 billion. The transaction is subject to customary closing conditions, approval by regulatory board / committee, and third party consents. The acquisition of Rabbit Walk deal is expected to close within the next several weeks. K Wave Media Ltd. (NasdaqGM:KWM)completed the acquisition of 55% stake in Rabbit Walk Inc. from a group of shareholders on January 26, 2026.最新情報をもっと見るRecent updatesNew Risk • Jul 08New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.90m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-₩22b). Market cap is less than US$10m (US$9.90m market cap). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).New Risk • Jun 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-₩22b). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (US$16.7m market cap).お知らせ • May 28K Wave Media Ltd., Annual General Meeting, Jul 10, 2026K Wave Media Ltd., Annual General Meeting, Jul 10, 2026. Location: 1775 tysons blvd, tysons, virginia 22102, United StatesNew Risk • May 27New major risk - Negative shareholders equityThe company has negative equity. Total equity: -₩22b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-₩22b). Minor Risk Market cap is less than US$100m (US$16.9m market cap).Board Change • May 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director YK Chong was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jan 27K Wave Media Ltd. (NasdaqGM:KWM)completed the acquisition of 55% stake in Rabbit Walk Inc. from a group of shareholders.K Wave Media Ltd. (NasdaqGM:KWM) entered into a Share Purchase Agreement to acquire 55% stake in Rabbit Walk Inc. from a group of shareholders for KRW 6.3 billion on August 27, 2025. A stock consideration of KRW 9.08 billion valued at KRW 82,500 per share in common equity will be issued by K Wave Media Ltd. An earnout payment of KRW 9.08 billion in common equity will be issued by K Wave Media Ltd. if Rabbit Walk Inc achieves operating profit exceeding KRW 1.2 billion. As part of the consideration K Wave Media Ltd. will pay a total of KRW 18.2 billion for the common equity of Rabbit Walk Inc. As of December 31, 2024, Rabbit Walk Inc. reported revenue of KRW 15.38 billion. The transaction is subject to customary closing conditions, approval by regulatory board / committee, and third party consents. The acquisition of Rabbit Walk deal is expected to close within the next several weeks. K Wave Media Ltd. (NasdaqGM:KWM)completed the acquisition of 55% stake in Rabbit Walk Inc. from a group of shareholders on January 26, 2026.お知らせ • Nov 05K Wave Media Ltd. Appoints Yong Fang as Chief Financial OfficerK Wave Media announced the appointment of Yong (Howard) Fang as its new Chief Financial Officer (CFO). Fang brings extensive financial and operational expertise to K Wave Media, with a proven track record in capital markets, investor relations, and global financial strategy. Over his career, he has played a pivotal role in helping take two companies public via both initial public offering (IPO) and reverse takeover (RTO)and has deep experience in financial reporting, compliance, and capital raising. Before joining K Wave Media, Fang served as Chief Financial Officer of Baijiayun Group, where he led financial strategy during a period of significant corporate expansion. He previously held senior finance roles at GigaCloud Technology as Director of Finance, Sanergy Group as Associate Global Controller, and began his career as a Senior Auditor at Marcum LLP. Fang holds a Bachelor of Science in Management from Hunan University, a Master of Science in Accounting and Financial Management from Temple University, and an MBA from Thomas Jefferson University.お知らせ • Sep 30K Wave Media Announces Plans to Launch One of the First Entertainment Tokenization Platforms with Strategic Investment from Galaxy Digital and Backing from Korea's Leading IP CompaniesKWaveMedia announced plans to develop one of the industry's first entertainment tokenization platforms. The platform will offer innovative tools such as revenue-sharing tokens that enable fractional ownership in films, concerts, branded content, and IP rights, along with smart contract-based automated royalty distribution to ensure transparent payouts to creators, investors, and rights holders. Even ahead of its official launch, more than 37 leading Korean content producers and IP holders have signed MOUs to participate in and utilize the platform. As part of this initiative, Galaxy Digital -- already serving as KWM's AssetManager and StrategicAdvisor--made an approximately $1 million equity investment in KWM and received warrants for additional shares. KWM seeks to transform how entertainment projects raise capital and how fans engage with their favorite stars and creative works. The platform will also accept Bitcoin as a means of payment and investment, positioning it at the forefront of digital finance in the entertainment sector. KWM's approach combines the global influence of Korean media, institutional-grade financial frameworks, and Web3 innovation -- creating a new blueprint for public companies in the tokenization era. With its cross-border strategy, KWM is uniquely positioned to connect Korean retail markets, U.S. institutional investors, and global crypto communities, creating a powerful multi-market growth engine. This investment represents a significant milestone in KWM's evolution and sets the stage for a new era of tokenized entertainment and borderless capital engagement.Seeking Alpha • Sep 15K Wave Media: The Timing Of Bitcoin Crashes Is Too Close To IgnoreSummary Given Bitcoin's historical crash patterns and KWM's weak financials, both KWM and BTC are rated Sell for the next 3-5 months. KWM's crypto-treasury strategy exposes investors to dilution risk if Bitcoin crashes, especially given the company's lack of profitability. Most KWM subsidiaries struggle with growth and profitability; only Play Company is meaningfully profitable, but its revenue is declining. Read the full article on Seeking Alphaお知らせ • Sep 02K Wave Media Ltd. (NasdaqGM:KWM) signed an agreement to acquire 55 percent stake in RABBIT WALK INC. for $13 million.K Wave Media Ltd. (NasdaqGM:KWM) signed an agreement to acquire 55 percent stake in RABBIT WALK INC. for $13 million on September 2, 2025. At the closing of the transaction, KWM will acquire a 55% stake, with managerial control in Rabbit Walk, a distinguished visual effects, AI-powered advertising, and 3D content studio, by issuing 9 billion KRW ($6.5 million) of KWM’s ordinary shares. A further 9 billion KRW ($6.5 million) of equity will be issued only if Rabbit Walk achieves operating profit exceeding 1.2 billion KRW ($800,000) in either 2025 or 2026. The precise number of shares will be based on the then-current exchange rate between KRW and U.S. Dollars. The shares will not be issued if Rabbit Walk does not meet this profitability threshold. Target recorded $10.7 million revenue in 2024 with compound annual growth rate of 22% during 2020-2024 and 12-19% EBIT during 2020-2024.お知らせ • Jul 22K Wave Media Ltd. announced that it expects to receive funding from Galaxy Digital Inc.K Wave Media Ltd. announced a private placement with new investor Galaxy Digital Inc. on July 21, 2025.お知らせ • Jul 10K Wave Media Ltd. Announces Resignation of Director Han Jae (Patrick) Kim from Board, Effective July 5, 2025On July 5, 2025, Han Jae (Patrick) Kim notified K Wave Media Ltd. of his decision to resign from his position as a member of the Company’s board of directors, effective immediately. Mr. Kim’s resignation from the Board was not the result of any disagreement with the Company. As a result of Mr. Kim’s resignation, the Board acted to immediately reduce the size of the Board from eight directors to seven directors.お知らせ • Jun 12K Wave Media Announces Upcoming Content Lineup and Expands Bitcoin Strategic Reserve PlanK Wave Media announced its upcoming slate of film and drama releases for the second half of 2025. Simultaneously, KWM continues executing its Bitcoin (BTC) Strategic Reserve Plan, reinforcing its unique hybrid growth and financial strategy. Since its Nasdaq debut on May 14, 2025, KWM has accelerated production across multiple content verticals through its fully integrated platform spanning content investment, production, distribution, and merchandising. Beginning this summer, KWM will release a diverse lineup targeting both domestic and international audiences via Netflix, major broadcasters, and distributors. Key titles include: Soju Wars (Produced by The Lamp Co. Ltd., distributed by Showbox) -- Premiered in late May. If We were (Produced by Covenant Pictures, distributed by Showbox) -- Starring Koo Kyo-hwan and Moon Ga- young, directed by Kim Do- young, renowned for Kim Ji- young, Born 1982. Trigger (Produced by Bidangil Pictures, starring Kim Nam-gil and Kim Young-kwang) -- A hyper-realistic crime drama premiering on Netflix in July 2025 with a budget of KRW 23 billion (approx. USD 17 million). Aema (Directed by Lee Hae- Young, starring Lee Ha-nee, Bang Hyo-rin, Jin Seon-kyu, and Jo Hyun-chul) -- Set in the 1980s Chungmuro film scene, releasing later this year on Netflix. Mary Kills People (Starring Lee Bo- young and Lee Min-ki) -- A medical crime drama set to air on MBC. The Mediator Project (Starring Han Seok-kyu and Bae Hyun-sung) -- An office comedy tackling societal disputes, air on tvN.お知らせ • Jun 05K Wave Media Ltd. announced that it expects to receive $500 million in funding from Bitcoin Strategic Reserve KWM, LLCK Wave Media Ltd. announced it has entered into Equity Purchase Facility standby equity purchase agreement with Bitcoin Strategic Reserve KWM LLC for the sale of up to $500,000,000 of ordinary shares on June 3, 2025. Whereas the parties desire that, upon the terms and subject to the conditions contained herein, the Company shall have the right to allot and issue to the Investor, from time to time as provided herein, and the Investor shall subscribe for, such number of Ordinary Shares determined in accordance with this Agreement, for an aggregate subscription price of, up to $500,000,000.株主還元KWMUS EntertainmentUS 市場7D-8.8%-3.4%0.7%1Y-97.2%-23.3%20.6%株主還元を見る業界別リターン: KWM過去 1 年間で-23.3 % の収益を上げたUS Entertainment業界を下回りました。リターン対市場: KWMは、過去 1 年間で20.6 % のリターンを上げたUS市場を下回りました。価格変動Is KWM's price volatile compared to industry and market?KWM volatilityKWM Average Weekly Movement15.0%Entertainment Industry Average Movement8.7%Market Average Movement7.3%10% most volatile stocks in US Market16.6%10% least volatile stocks in US Market3.2%安定した株価: KWMの株価は、 US市場と比較して過去 3 か月間で変動しています。時間の経過による変動: KWMの weekly volatility ( 15% ) は過去 1 年間安定していますが、依然としてUSの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイトn/a172Ted Kimwww.kwavemedia.comK Wave Media Ltd.はエンタテインメント・コンテンツおよびIPの制作、マーチャンダイジング、エンタテインメント投資事業を行っている。本拠地はケイマン諸島のグランドケイマン。もっと見るK Wave Media Ltd. 基礎のまとめK Wave Media の収益と売上を時価総額と比較するとどうか。KWM 基礎統計学時価総額US$9.98m収益（TTM）-US$137.14m売上高(TTM)US$52.05m0.2xP/Sレシオ-0.1xPER（株価収益率KWM は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計KWM 損益計算書（TTM）収益₩78.08b売上原価₩63.86b売上総利益₩14.22bその他の費用₩219.96b収益-₩205.74b直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）-2.81kグロス・マージン18.21%純利益率-263.50%有利子負債／自己資本比率-206.5%KWM の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/10 15:35終値2026/07/10 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋K Wave Media Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
New Risk • Jul 08New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.90m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-₩22b). Market cap is less than US$10m (US$9.90m market cap). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).
New Risk • Jun 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-₩22b). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (US$16.7m market cap).
お知らせ • May 28K Wave Media Ltd., Annual General Meeting, Jul 10, 2026K Wave Media Ltd., Annual General Meeting, Jul 10, 2026. Location: 1775 tysons blvd, tysons, virginia 22102, United States
New Risk • May 27New major risk - Negative shareholders equityThe company has negative equity. Total equity: -₩22b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-₩22b). Minor Risk Market cap is less than US$100m (US$16.9m market cap).
Board Change • May 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director YK Chong was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 27K Wave Media Ltd. (NasdaqGM:KWM)completed the acquisition of 55% stake in Rabbit Walk Inc. from a group of shareholders.K Wave Media Ltd. (NasdaqGM:KWM) entered into a Share Purchase Agreement to acquire 55% stake in Rabbit Walk Inc. from a group of shareholders for KRW 6.3 billion on August 27, 2025. A stock consideration of KRW 9.08 billion valued at KRW 82,500 per share in common equity will be issued by K Wave Media Ltd. An earnout payment of KRW 9.08 billion in common equity will be issued by K Wave Media Ltd. if Rabbit Walk Inc achieves operating profit exceeding KRW 1.2 billion. As part of the consideration K Wave Media Ltd. will pay a total of KRW 18.2 billion for the common equity of Rabbit Walk Inc. As of December 31, 2024, Rabbit Walk Inc. reported revenue of KRW 15.38 billion. The transaction is subject to customary closing conditions, approval by regulatory board / committee, and third party consents. The acquisition of Rabbit Walk deal is expected to close within the next several weeks. K Wave Media Ltd. (NasdaqGM:KWM)completed the acquisition of 55% stake in Rabbit Walk Inc. from a group of shareholders on January 26, 2026.
New Risk • Jul 08New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.90m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-₩22b). Market cap is less than US$10m (US$9.90m market cap). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).
New Risk • Jun 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-₩22b). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (US$16.7m market cap).
お知らせ • May 28K Wave Media Ltd., Annual General Meeting, Jul 10, 2026K Wave Media Ltd., Annual General Meeting, Jul 10, 2026. Location: 1775 tysons blvd, tysons, virginia 22102, United States
New Risk • May 27New major risk - Negative shareholders equityThe company has negative equity. Total equity: -₩22b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩24b free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-₩22b). Minor Risk Market cap is less than US$100m (US$16.9m market cap).
Board Change • May 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director YK Chong was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 27K Wave Media Ltd. (NasdaqGM:KWM)completed the acquisition of 55% stake in Rabbit Walk Inc. from a group of shareholders.K Wave Media Ltd. (NasdaqGM:KWM) entered into a Share Purchase Agreement to acquire 55% stake in Rabbit Walk Inc. from a group of shareholders for KRW 6.3 billion on August 27, 2025. A stock consideration of KRW 9.08 billion valued at KRW 82,500 per share in common equity will be issued by K Wave Media Ltd. An earnout payment of KRW 9.08 billion in common equity will be issued by K Wave Media Ltd. if Rabbit Walk Inc achieves operating profit exceeding KRW 1.2 billion. As part of the consideration K Wave Media Ltd. will pay a total of KRW 18.2 billion for the common equity of Rabbit Walk Inc. As of December 31, 2024, Rabbit Walk Inc. reported revenue of KRW 15.38 billion. The transaction is subject to customary closing conditions, approval by regulatory board / committee, and third party consents. The acquisition of Rabbit Walk deal is expected to close within the next several weeks. K Wave Media Ltd. (NasdaqGM:KWM)completed the acquisition of 55% stake in Rabbit Walk Inc. from a group of shareholders on January 26, 2026.
お知らせ • Nov 05K Wave Media Ltd. Appoints Yong Fang as Chief Financial OfficerK Wave Media announced the appointment of Yong (Howard) Fang as its new Chief Financial Officer (CFO). Fang brings extensive financial and operational expertise to K Wave Media, with a proven track record in capital markets, investor relations, and global financial strategy. Over his career, he has played a pivotal role in helping take two companies public via both initial public offering (IPO) and reverse takeover (RTO)and has deep experience in financial reporting, compliance, and capital raising. Before joining K Wave Media, Fang served as Chief Financial Officer of Baijiayun Group, where he led financial strategy during a period of significant corporate expansion. He previously held senior finance roles at GigaCloud Technology as Director of Finance, Sanergy Group as Associate Global Controller, and began his career as a Senior Auditor at Marcum LLP. Fang holds a Bachelor of Science in Management from Hunan University, a Master of Science in Accounting and Financial Management from Temple University, and an MBA from Thomas Jefferson University.
お知らせ • Sep 30K Wave Media Announces Plans to Launch One of the First Entertainment Tokenization Platforms with Strategic Investment from Galaxy Digital and Backing from Korea's Leading IP CompaniesKWaveMedia announced plans to develop one of the industry's first entertainment tokenization platforms. The platform will offer innovative tools such as revenue-sharing tokens that enable fractional ownership in films, concerts, branded content, and IP rights, along with smart contract-based automated royalty distribution to ensure transparent payouts to creators, investors, and rights holders. Even ahead of its official launch, more than 37 leading Korean content producers and IP holders have signed MOUs to participate in and utilize the platform. As part of this initiative, Galaxy Digital -- already serving as KWM's AssetManager and StrategicAdvisor--made an approximately $1 million equity investment in KWM and received warrants for additional shares. KWM seeks to transform how entertainment projects raise capital and how fans engage with their favorite stars and creative works. The platform will also accept Bitcoin as a means of payment and investment, positioning it at the forefront of digital finance in the entertainment sector. KWM's approach combines the global influence of Korean media, institutional-grade financial frameworks, and Web3 innovation -- creating a new blueprint for public companies in the tokenization era. With its cross-border strategy, KWM is uniquely positioned to connect Korean retail markets, U.S. institutional investors, and global crypto communities, creating a powerful multi-market growth engine. This investment represents a significant milestone in KWM's evolution and sets the stage for a new era of tokenized entertainment and borderless capital engagement.
Seeking Alpha • Sep 15K Wave Media: The Timing Of Bitcoin Crashes Is Too Close To IgnoreSummary Given Bitcoin's historical crash patterns and KWM's weak financials, both KWM and BTC are rated Sell for the next 3-5 months. KWM's crypto-treasury strategy exposes investors to dilution risk if Bitcoin crashes, especially given the company's lack of profitability. Most KWM subsidiaries struggle with growth and profitability; only Play Company is meaningfully profitable, but its revenue is declining. Read the full article on Seeking Alpha
お知らせ • Sep 02K Wave Media Ltd. (NasdaqGM:KWM) signed an agreement to acquire 55 percent stake in RABBIT WALK INC. for $13 million.K Wave Media Ltd. (NasdaqGM:KWM) signed an agreement to acquire 55 percent stake in RABBIT WALK INC. for $13 million on September 2, 2025. At the closing of the transaction, KWM will acquire a 55% stake, with managerial control in Rabbit Walk, a distinguished visual effects, AI-powered advertising, and 3D content studio, by issuing 9 billion KRW ($6.5 million) of KWM’s ordinary shares. A further 9 billion KRW ($6.5 million) of equity will be issued only if Rabbit Walk achieves operating profit exceeding 1.2 billion KRW ($800,000) in either 2025 or 2026. The precise number of shares will be based on the then-current exchange rate between KRW and U.S. Dollars. The shares will not be issued if Rabbit Walk does not meet this profitability threshold. Target recorded $10.7 million revenue in 2024 with compound annual growth rate of 22% during 2020-2024 and 12-19% EBIT during 2020-2024.
お知らせ • Jul 22K Wave Media Ltd. announced that it expects to receive funding from Galaxy Digital Inc.K Wave Media Ltd. announced a private placement with new investor Galaxy Digital Inc. on July 21, 2025.
お知らせ • Jul 10K Wave Media Ltd. Announces Resignation of Director Han Jae (Patrick) Kim from Board, Effective July 5, 2025On July 5, 2025, Han Jae (Patrick) Kim notified K Wave Media Ltd. of his decision to resign from his position as a member of the Company’s board of directors, effective immediately. Mr. Kim’s resignation from the Board was not the result of any disagreement with the Company. As a result of Mr. Kim’s resignation, the Board acted to immediately reduce the size of the Board from eight directors to seven directors.
お知らせ • Jun 12K Wave Media Announces Upcoming Content Lineup and Expands Bitcoin Strategic Reserve PlanK Wave Media announced its upcoming slate of film and drama releases for the second half of 2025. Simultaneously, KWM continues executing its Bitcoin (BTC) Strategic Reserve Plan, reinforcing its unique hybrid growth and financial strategy. Since its Nasdaq debut on May 14, 2025, KWM has accelerated production across multiple content verticals through its fully integrated platform spanning content investment, production, distribution, and merchandising. Beginning this summer, KWM will release a diverse lineup targeting both domestic and international audiences via Netflix, major broadcasters, and distributors. Key titles include: Soju Wars (Produced by The Lamp Co. Ltd., distributed by Showbox) -- Premiered in late May. If We were (Produced by Covenant Pictures, distributed by Showbox) -- Starring Koo Kyo-hwan and Moon Ga- young, directed by Kim Do- young, renowned for Kim Ji- young, Born 1982. Trigger (Produced by Bidangil Pictures, starring Kim Nam-gil and Kim Young-kwang) -- A hyper-realistic crime drama premiering on Netflix in July 2025 with a budget of KRW 23 billion (approx. USD 17 million). Aema (Directed by Lee Hae- Young, starring Lee Ha-nee, Bang Hyo-rin, Jin Seon-kyu, and Jo Hyun-chul) -- Set in the 1980s Chungmuro film scene, releasing later this year on Netflix. Mary Kills People (Starring Lee Bo- young and Lee Min-ki) -- A medical crime drama set to air on MBC. The Mediator Project (Starring Han Seok-kyu and Bae Hyun-sung) -- An office comedy tackling societal disputes, air on tvN.
お知らせ • Jun 05K Wave Media Ltd. announced that it expects to receive $500 million in funding from Bitcoin Strategic Reserve KWM, LLCK Wave Media Ltd. announced it has entered into Equity Purchase Facility standby equity purchase agreement with Bitcoin Strategic Reserve KWM LLC for the sale of up to $500,000,000 of ordinary shares on June 3, 2025. Whereas the parties desire that, upon the terms and subject to the conditions contained herein, the Company shall have the right to allot and issue to the Investor, from time to time as provided herein, and the Investor shall subscribe for, such number of Ordinary Shares determined in accordance with this Agreement, for an aggregate subscription price of, up to $500,000,000.
