- K Wave Media (KWM) announced its **first acquisition** since its NASDAQ listing, acquiring a **55%** stake with managerial control in **Rabbit Walk**, a visual effects, AI-powered advertising, and 3D content studio.  **[2000756_0001829126-25-007012_kwavemedia_ex99-1.htm:0]** **[2000756_0001829126-25-007012_kwavemedia_6k.htm:1]** 
- The acquisition is expected to boost KWM's revenues by **25-30%** over the next **12 months**.  **[2000756_0001829126-25-007012_kwavemedia_ex99-1.htm:0]**  KWM's revenue in **2024** was **$58 million**, and Rabbit Walk recorded **$10.7 million** revenue in **2024**.  **[2000756_0001829126-25-007012_kwavemedia_ex99-1.htm:0]** 
- The initial consideration for the **55%** stake is **¥9 billion KRW** (~USD **$6.5 million**) of KWM's ordinary shares, with a potential additional **¥9 billion KRW** (USD **$6.5 million**) if Rabbit Walk achieves operating profit exceeding **¥1.2 billion KRW** (~USD **$800,000**) in **2025** or **2026**.  **[2000756_0001829126-25-007012_kwavemedia_ex99-1.htm:0]** **[2000756_0001829126-25-007012_kwavemedia_6k.htm:1]**