K Wave Media Ltd. Warrant

K Wave Media Ltd. Warrant is a financial derivative security that grants holders the right, but not the obligation, to purchase ordinary shares of K Wave Media Ltd. at a fixed exercise price of $11.50 per share. These warrants emerged from the business combination between Global Star Acquisition Inc., a special purpose acquisition company, and K Enter Holdings Inc., resulting in the formation of K Wave Media Ltd.—the first Korean content media alliance to list on the Nasdaq. The underlying company operates across key sectors such as entertainment content production, intellectual property (IP) creation, merchandising, and entertainment investments, with a particular focus on Korean media including K-drama and film. The warrant serves as a strategic instrument for investors seeking exposure to K Wave Media Ltd.’s potential growth in the global entertainment market, especially as the company leverages its portfolio of six diversified entertainment companies to expand its presence and visibility in the U.S. and internationally. As a listed security, the K Wave Media Ltd. Warrant offers market participants a means to participate in the company’s future equity at a predetermined price, playing a significant role in the capital structure and providing additional liquidity to the underlying shares.