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Global Star Acquisition Inc. and K Enter Holdings Inc. Finalize Business Combination
Globenewswireยท 2025-05-13 20:00
Core Viewpoint - K Wave Media Ltd. is set to begin trading on Nasdaq on May 14, 2025, under the ticker "KWM" following its business combination with Global Star Acquisition Inc. [1] Group 1: Business Combination Details - The business combination was approved by Global Star's stockholders on February 3, 2025 [2] - K Wave Media Ltd. will be led by Tan Chin Hwee, who is the Executive Chairman and Interim CEO of K Enter, until a successor is appointed [3] Group 2: Company Background - K Enter Holdings Inc. is a Delaware corporation that has contracts to acquire controlling equity interests in six diversified entertainment operating companies based in Korea, which are involved in entertainment content, IP creation, merchandising, and investment [5] - The six companies include Play Company Co., Ltd., Solaire Partners Ltd., Studio Anseilen Co., Ltd., The LAMP Co., Ltd., Bidangil Pictures Co., Ltd., and Apeitda Co., Ltd., each specializing in various aspects of K-content production [5] Group 3: Strategic Goals - K Enter aims to enhance its visibility in the U.S. market to attract a core retail and institutional shareholder base while focusing on growth initiatives across the value chain of Korean entertainment and media [3]