$KWM

3 stories mentioning KWMUpdated 25d ago

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WhiteFiber (WYFI) said Wednesday it has priced an upsized $270 million of 5.00% convertible senior notes due 2032.Shares were down about 25%, with intraday trading volume of over 12 million, versus a daily average of about 2.3 million.Klarna (KLAR) shares were down about 3% after JPMorgan downgraded the stock to neutral from overweight and cut its price target to $18 from $22.More than 12.2 million shares were traded intra-day, against a daily average of about 5.1 million.K Wave Media (KWM) said Wednesday it has struck a deal to sell 526,314 shares at $1.90 per share in a registered direct offering. The stock closed at $2.64 in the previous day.Shares fell 35%, with over 788,000 shares traded, compared with a daily average of about 283,000.Price: $20.13, Change: $-6.94, Percent Change: -25.64%

$KLAR$KWM$WYFI

Wire40d ago

K Wave Media Signs LOI to Acquire Controlling Stake in South Korean Semiconductor-Materials Firm

K Wave Media (KWM) said Tuesday it has signed an exclusive letter of intent to acquire a controlling interest of 50% plus one share in a privately held South Korean semiconductor-materials firm.The target firm is a developer and manufacturer of advanced materials and specialty chemicals used in the production of semiconductors and electronic components, K Wave said.Financial terms of the potential acquisition were not provided.The parties expect to complete due diligence over the next four weeks and execute a share purchase agreement by the end of August, aiming to close the transaction by the end of October, according to a statement.Price: $2.06, Change: $-0.96, Percent Change: -31.79%

$KWM

Wire45d ago

K Wave Media Reports 1-for-30 Reverse Stock Split

K Wave Media (KWM) said Thursday it will effect a 1-for-30 reverse stock split to help maintain compliance with Nasdaq's minimum bid price requirement for continued listing.The shares are expected to begin trading on a split-adjusted basis at market open on Aug. 3, the firm said.Shares were down over 13% in midday trading.Price: $0.09, Change: $-0.01, Percent Change: -13.72%

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