K Wave Media Ltd. Announces Planned Retirement of 9,827,057 Ordinary Shares

K Wave Media Ltd. announced its intention to retire and cancel 9,827,057 ordinary shares, which represent approximately 13% of its outstanding shares. This action is a result of a rescission and termination agreement related to a prior transaction. The company expects this move to streamline its corporate structure as it shifts its focus towards AI infrastructure investments, including data centers, compute resources, and AI-related technologies. The retirement of these shares is anticipated to be completed by the end of July 2026. K Wave Media Ltd. is also planning a corporate rebranding, subject to shareholder approval at the upcoming annual meeting on July 10, 2026.