ConvertibleActive
3% Convertible Notes due 2027
KWM-PIPE1
$0.27▼ 4.66%
BTC Holdings
0 BTC
Total Debt
$19.04M
Outstanding
$2.25M
Issue date
2024-06-04
Principal
$3.75M
Coupon
3.00%
Maturity
2027-06-04
Conversion price
$4
ITM Status
OTM (-93.3%)
- Variable conversion: 60% discount to 5-day VWAP, floor $4/share
- Series 1 ($2.25M) and Series 2 ($1.5M); Series 2 fully converted Jun 2025
- Issued by K Enter Holdings pre-SPAC; assumed by K Wave Media upon business combination May 2025
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Shares
- Rate type
- Fixed
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-06-30 | Conversion | $2.25M Series 2 ($1.5M) fully converted Jun 2025 |
| 2024-06-04 | Issuance | $3.75M Aggregate of Series 1 ($2.25M) and Series 2 ($1.5M) |
- 2025-06-30 — $2,250,000Note 19
- 2024-06-04 — $3,750,000Note 19