K Wave Media Announces Planned Retirement of Approximately 9.8 Million Shares, Representing About 13% Reduction in Outstanding Shares
SEOUL, South Korea and NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- K Wave Media Ltd. (“K Wave” or the “Company”), a Nasdaq-listed company focused on AI infrastructure and related technologies, today announced that its Board of Directors has approved the planned retirement and cancellation of approximately 9.8 million ordinary shares expected to be returned to the Company by the end of July 2026.
SEOUL, South Korea and NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- K Wave Media Ltd. (“K Wave” or the “Company”), a Nasdaq-listed company focused on AI infrastructure and related technologies, today announced that its Board of Directors has approved the planned retirement and cancellation of approximately 9.8 million ordinary shares expected to be returned to the Company by the end of July 2026.
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