03/18/2026 | Press release | Distributed by Public on 03/18/2026 08:57
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Warrants (right to buy) | 06/12/2025(1) | 05/13/2035(1) | Ordinary Shares, par value $0.0001 per share | 498,225 | $11.5 | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Kim Ted C/O K WAVE MEDIA LTD. 121 SOUTH CHURCH STREET GEORGE TOWN KY1-1104 |
X | Chief Executive Officer | ||
| /s/ Ted Kim | 03/18/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | The warrants were purchased by Mr. Kim in a private placement consummated by K Wave Media Ltd. (the "Issuer") concurrently with the Issuer's business combination with Global Star Acquisition Inc. on May 13, 2025 (the "Business Combination"). Pursuant to the Warrant Agreement, the warrants became exercisable on the date that was thirty days following the Business Combination and are exercisable until the date that is five years following the consummation of the Business Combination. |