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K Wave Media Ltd. announced plans to retire and cancel 9,827,057 ordinary shares that were previously issued to the…

KWMNexus Advanced Technologies Inc.

K Wave Media Ltd. announced plans to retire and cancel 9,827,057 ordinary shares that were previously issued to the Solaire Sellers in exchange for a 95% equity interest in Solaire Partners LLC. Following a Rescission Agreement dated May 29, 2026, the company will receive the returned shares back from the Rescission Sellers within 60 days. This action will reduce the total number of shares outstanding. K Wave Media Ltd. operates in the media and entertainment industry.

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