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D. Boral Capital Acted as Exclusive Placement Agent to K Wave Media, Inc. (Nasdaq: KWM) in Connection with its up to $500,000,000 Convertible Note Private Placement
NEW YORK CITY, NEW YORK / ACCESS Newswire / August 4, 2025 / On July 10, 2025, K Wave Media, Inc. ("KWM" or the "Company") announced entering into a convertible note agreement with Anson Funds where Anson agreed to provide up to $500,000,000 in financing ...
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[{"type":"text","content":"NEW YORK CITY, NEW YORK / ACCESS Newswire / August 4, 2025 / On July 10, 2025, K Wave Media, Inc. ("KWM" or the "Company") announced entering into a convertible note agreement with Anson Funds where Anson agreed to provide up to $500,000,000 in financing under which KWM will allocate a minimum 80% of the net proceeds towards the purchase of BTC. They become the first Nasdaq-listed public company to integrate Korean cultural content with a Bitcoin-focused corporate treasury model. The first tranche will be the issuance and sale of $15,000,000 in senior secured convertible notes and warrants to Anson Investments Master Fund, LP, and Anson East Master Fund LP pursuant to a securities purchase agreement. This followed the previously announced $500,000,000 Standby Equity Purchase Agreement (SEPA) with Bitcoin Strategic Reserve, bringing the Company's total capital capacity for its treasury initiative to $1,000,000,000.","length":951,"tagName":"p"},{"type":"text","content":"D. Boral Capital LLC acted as exclusive placement agent for the offering.","length":73,"tagName":"p"},{"type":"text","content":"Duane Morris LLP acted as legal counsel to the Company and Sichenzia Ross Ference Carmel LLP acted as legal counsel to D. Boral Capital LLC.","length":140,"tagName":"p"},{"type":"text","content":"The Offering of the securities described above was offered by the Company pursuant to an effective registration statement on Form F-4 (File No. 333-278221), as amended, filed with the Securities and Exchange Commission (the "SEC") and declared effective by the SEC on May 13, 2025. The Offering was made only by means of a prospectus. A final prospectus describing the terms of the Offering was filed with the SEC and forms a part of the effective registration statement. Copies of the final prospectus relating to this Offering may be obtained on the SEC's website at http://www.sec.gov or by contacting D. Boral Capital LLC at 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at [email protected], or by telephone at +1 (212) 970-5150.","length":768,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in...