K-Wave Media Receives Final Approval for US SEC SPAC Merger Listing... Nasdaq Entry

Early February General Meeting Held to Finalize Approval of GlobalStar Merger Agenda

K-content corporate alliance K-Wave Media (formerly K-Enter Holdings) will become the first comprehensive entertainment company in South Korea to enter the U.S. Nasdaq market.

According to industry sources on the 7th, K-Wave Media recently received approval from the U.S. Securities and Exchange Commission (SEC) for the securities registration statement (F-4) related to the SPAC (Special Purpose Acquisition Company) merger listing with U.S. Nasdaq-listed company Global Star Acquisition.

K-Wave Media is a business holding company formed through the merger of content investment firms, production studios, and companies specializing in content merchandise, making it a comprehensive entertainment company that covers all value chain stages within the industry beyond production and distribution.

K-Wave Media plans to hold a shareholders' meeting early next month to approve the merger with Global Star and complete the listing procedures. It will begin trading on Nasdaq under the ticker symbol 'KWM' during the next month. To this end, the company also changed its name from the former ‘K-Enter Holdings’ to ‘K-Wave Media.’

After listing, K-Wave Media will focus on securing original IP (intellectual property), expanding its content sector, and diversifying revenue streams to target the global market, aiming to promote excellent K-content worldwide.

K-Wave Media stated, "In response to the growth of global fandoms and the digital transformation era, we will continuously seek M&A and cooperation with major domestic and international companies," adding, "We will focus not only on producing content but also on breaking down the boundaries between culture and technology on the global stage to create sustainable and differentiated value."