$NXAT

Nexus Advanced Technologies (NXAT) signed an exclusivity agreement for a potential $500M reverse merger with a U.S. defense tech company, pending due diligence. The target holds a counter-drone defense license and has non-binding LOIs worth $7B. The deal may result in a change of control for Nexus, subject to approvals and regulatory requirements.

Nexus Advanced Technologies (NXAT) has agreed to restructure notes and warrants with Anson Funds. The deal includes a $2.5M payment, warrant exchanges, and ATM offering consent. The company aims to simplify its capital structure for future financing and strategic transactions. Existing shareholders may face dilution. The agreement will be filed with the SEC.

K Wave Media (KWM) regained compliance with Nasdaq's minimum bid price requirement, with shares closing at $1.00 or more for 10 consecutive days. The company expects to complete a name change to Nexus Advanced Technologies Inc. and start trading under the ticker 'NXAT' by the end of next week, according to the CEO.

K Wave Media Ltd. (NASDAQ:KWM) appointed Joongjae Lee as chairman and Richard Kim as co-CEO effective immediately, with Ted Kim remaining CEO. The changes support an acquisition push in AI infrastructure, semiconductor components, and advanced manufacturing, and a rebrand to NEXUS Advanced Technologies Inc. approved by shareholders, targeting a new NASDAQ ticker NXAT around Aug. 21, 2026.

K Wave Media (NASDAQ:KWM) said it signed an exclusive LOI to acquire a controlling stake, 50% plus one share, in a privately held South Korean semiconductor materials and specialty chemicals company. KWM cited double-digit revenue growth in 2024-2025 and improving EBITDA and net income margins. The deal depends on due diligence, financing, regulatory approvals, and a definitive agreement, with target signing by end-August 2026 and closing by end-October 2026.

K Wave Media has secured $485 million in capital for a strategic pivot towards building an AI infrastructure platform. This involves divesting its legacy operating business, Play Co., Ltd., to reduce debt by approximately $48 million, and focusing on investments in data centers, GPU compute, and AI infrastructure partnerships. The company is also considering a rebrand to "Talivar Technologies" to align with its new AI-centric direction.

K Wave Media (KWM) adjusted an insider share contribution plan from October 2025 to mitigate tax issues and realign ownership. Its subsidiary, K Enter Holdings Inc., purchased 4.77 million shares for $2 million between December 19-23, 2025, with 10% paid upfront and the remainder due by June 30, 2026. This transaction shifts a significant block of insider-owned stock into corporate hands, affecting the company's capital management and effective stock float.

6.24 Million Shares and an Additional 1.55 Million Shares Lended Interest-Free 6.24 Million Shares and an Additional 1.55 Million Shares Lended ...

NEW YORK and SEOUL, South Korea, Sept. 05, 2025 ( GLOBE NEWSWIRE ) -- Solaire Partners, a subsidiary of K Wave Media KWM and the venture capital firm known for investing in acclaimed films 'Parasite' and '12.12: The Day', has been selected as the general partner ( GP ) to manage a KRW 40 billion ...

The venture capital firm behind 'Parasite' and 'Spring of Seoul' will manage a joint fund backed by Korea's three leading IPTV operators, aiming to finance 3-4 major films each year. The venture capital firm behind 'Parasite' and 'Spring of Seoul' will manage a joint fund backed by Korea's three ...