08:45 AM EDT, 09/02/2025 (MT Newswires) -- K Wave Media ( KWM ) said Tuesday that it will acquire a 55% stake in South Korea-Based 3D visual content studio Rabbit Walk by issuing 9 billion South Korean won ($6.4 million) in shares.

The company said it will issue an additional 9 billion won of equity if Rabbit Walk achieves over 1.20 billion won in operating profit either this year or next.

K Wave Media ( KWM ) shares were up nearly 2% in recent Tuesday premarket activity.