# EDGAR Filing Document

**Accession Number:** 0002000756
**File Stem:** 0000000000-25-010991
**Filing Date:** 2025-11
**Character Count:** 5465
**Document Hash:** 04a4e98574590e0b9699f56bb7ec0dbc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-010991.hdr.sgml**: 20260609

**ACCESSION NUMBER**: 0000000000-25-010991

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251124

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** K Wave Media Ltd.
- **CENTRAL INDEX KEY:** 0002000756
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-ALLIED TO MOTION PICTURE PRODUCTION [7819]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 333-289396

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 121 SOUTH CHURCH STREET
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9
- **BUSINESS PHONE:** 904 665 3610

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 121 SOUTH CHURCH STREET
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001829126-25-005947

## Text-Extract

```

                                                             November 24, 2025

Ted Kim
Chief Executive Officer
K Wave Media Ltd.
121 South Church Street
George Town, Grand Cayman
KY1-1104
Cayman Islands

       Re: K Wave Media Ltd.
           Amendment No. 1 to Registration Statement on Form F-1
           Filed September 22, 2025
           File No. 333-289396
Dear Ted Kim:

     We have reviewed your amended registration statement and have the
following
comment(s).

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments. Unless
we note
otherwise, any references to prior comments are to comments in our August 27,
2025 letter.

Amendment No. 1 to Registration Statement on Form F-1 filed September 22, 2025
The Offering, page 10

1.     We note your response to prior comment 5. Please make conforming
revisions where
       use of proceeds are discussed in this section, as you still refer to the
$500 million and
       $510,526,316 figures that take into account the Additional Notes and
Additional
       Warrant. We also note that in response to prior comment 5 you discuss
only the $15
       million and $10 million received by the company in connection with the
issuance of
       the Initial Notes, Initial Warrants, Second Notes, and Second Warrants.
Please also
       disclose what the company would receive upon exercise of warrants, or if
the
 November 24, 2025
Page 2

       company does not expect to receive proceeds pursuant to such exercises,
please state
       as much and explain why.
Management's Discussion and Analysis of Financial Condition and Results of
Operations of
K Wave Media Ltd.
Use of Custodians and Storage of Bitcoin, page 100

2.     We note your response to prior comment 9. Please revise to clarify, if
true, that the
       insurance maintained by BitGo is shared among all such custodian   s
customers, is not
       specific to your company, and may not be available or sufficient to
protect you from
       all possible losses or sources of losses. In addition, we note that you
have instructed
       BitGo to hold all of your private keys in hot wallets. Please address
the risk of holding
       your private keys in hot wallets, and revise to address your reasons for
instructing
       BitGo to hold your private keys in hot wallets.
Exhibit Index, page II-5

3.     File an opinion of counsel that relates to the legality of the
securities being registered
       in the current registration statement. We note that Exhibit 5.1 appears
to relate to a
       previous registration statement.
General

4.     While we note your response to prior comment 13, we are unable to agree
that
       registering the resale of ordinary shares underlying the Second Notes
and Second
       Warrants is appropriate at this time. Specifically, the conditions to
the purchasers'
       obligations with respect to the Second Closing set forth in Sections
2.5(c)(vi) and (vii)
       of the SPA relate to the market price of the company's securities, which
is not
       permitted by Securities Act Sections Compliance and Disclosure
Interpretations
       Question 139.11 and indicates that the investors are not irrevocably
bound to purchase
       the securities. Please revise the registration statement to limit the
ordinary shares
       registered for resale to those underlying the Initial Notes and Initial
Warrants, or
       revise the prospectus to disclose a fixed price at which the selling
shareholders will
       offer the shares and identify the selling shareholders as underwriters.
       Please contact Rebekah Reed at 202-551-5332 or Donald Field at
202-551-3680 with
any questions.

                                                              Sincerely,

                                                              Division of
Corporation Finance
                                                              Office of Trade &
Services
cc:   Andy Tucker

```

### Attached PDF Documents

**Attachment 1:** `filename1`

_No text found in this document._