K Wave Media Names New Chairman and Co-CEO to Drive AI and Semiconductor M&A
KWM sits 24% above its 52-week low of $2.02.
Summary
K Wave Media appointed Joongjae Lee as Chairman and Richard Kim as Co-CEO alongside Ted Kim, effective immediately. Lee brings AI technical expertise from Rabbit Walk, while Kim adds 30 years of cross-border M&A and semiconductor deal experience. The new leadership is already advancing acquisition targets in AI infrastructure and semiconductors, with active due diligence underway. Separately, the company plans to change its name to NEXUS Advanced Technologies Inc. and ticker to NXAT around August 21, 2026, following the recent reverse split. This follows a series of restructuring moves including a rescinded ATM offering and Nasdaq deficiency notice, signaling an aggressive pivot to AI and semiconductor acquisitions.
At the time of this announcement, KWM was trading at $2.51 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.7M. The 52-week trading range was $2.02 to $119.10. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.