NEW YORK and SEOUL, South Korea, May 04, 2026 (GLOBE NEWSWIRE) -- K Wave Media Ltd. ("KWM" or the "Company") (NASDAQ: KWM), today announced a series of strategic initiatives, including expanded capital access of up to $485 million to launch its AI infrastructure platform, the planned disposition of its legacy operating business, and the elimination of approximately $48 million in debt. These actions are expected to substantially de-leverage KWM's balance sheet with minimal remaining liabilities.

Strategic Transformation Highlights

1.  Disposition of Legacy Business and Significant Debt ReductionKWM's Board of Directors (the "Board") has approved the disposition of its largest wholly owned subsidiary, Play Co., Ltd. ("Play"), to Play's previous owner. In connection with the proposed disposition of Play, the Company expects to remove approximately $48 million in debt liabilities, including related contingent liabilities.

Subject to shareholder approval at the Company's upcoming annual meeting, which is scheduled to occur early July 2026, KWM anticipates emerging with a significantly strengthened balance sheet and a reduced debt profile.

2.  AI Infrastructure Pivot and Proposed RebrandingThe Board has also approved a strategic transformation to reposition KWM as an AI infrastructure-focused company. The Company intends to deploy capital across key sectors, including:

Data center investments;

GPU compute and rental operations; and

Acquisitions and partnerships in critical AI infrastructure components

As part of this transformation, the Board is evaluating a corporate rebrand, including the potential name "Talivar Technologies." Any name change will be subject to KWM shareholder approval.

3.  Expanded Capital Access of up to $485 MillionKWM has executed an amendment to the previously announced Securities Purchase Agreement with Anson Funds, pursuant to which Anson Funds previously committed up to $500 million to support the Company's Bitcoin treasury strategy. The amendment will ...