K Wave Media Terminates Share Purchase Agreement with Solaire

K Wave Media officially rescinded and terminated its share purchase agreement with Solaire on Thursday, June 4, 2026. This action effectively cancels the previously announced acquisition plans between the two entities, ending the contractual obligations established under the original agreement.

The company confirmed the termination in a formal notice, citing the rescission of the deal as the primary reason for the dissolution of the partnership. This move halts the transfer of shares and nullifies the terms that would have integrated Solaire into K Wave Media’s corporate structure. The announcement follows the initial disclosure of the agreement, though the company provided no further details regarding the specific factors that led to the decision to terminate the contract.

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Date: June 4, 2026

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GOAI