K Wave Media Ltd. (NASDAQ: KWM) is changing its name to NEXUS Advanced Technologies Inc. and expects its ordinary shares to begin trading under the new ticker NASDAQ: NXAT on or about August 21, 2026, according to a GlobeNewswire press release dated August 10, 2026.
The rebrand comes with two board-level appointments, effective immediately. Joongjae Lee has been named director and Chairman of the Board. Richard Kim (Kim Myungjong) has been named director and Co-Chief Executive Officer, joining existing Co-CEO Ted Kim.
Lee is currently CEO of Rabbit Walk Co., Ltd., a Korea-based producer of AI-driven and real-time visual content in which KWM acquired a majority interest in 2026, per the August 10 release. His stated technical background covers generative AI production pipelines, AI-based digital humans, and real-time rendering infrastructure. As Chairman, he is expected to shape KWM's technology strategy across the AI value chain and support technical evaluation of prospective acquisition targets.
Richard Kim brings 30 years of experience in corporate finance, cross-border M&A, and listed-company management, according to the same release. He has led multiple strategic acquisitions including transactions in the semiconductor-related business and has executed post-acquisition integrations. Kim will lead business operations, corporate strategy, acquisition execution, and post-acquisition integration, working primarily from Korea, where the company's operating assets and acquisition pipeline are located.
The Co-CEO split is deliberate architecture, not a transitional arrangement. "Our acquisition strategy requires strong leadership in both Korea and the U.S.," Lee said in the release. "The Co-CEO structure allows one team to focus on sourcing and integrating acquisitions while the other focuses on capital markets, creating a stronger platform for execution."
The company states it is currently conducting due diligence on multiple opportunities in AI infrastructure, semiconductor components, and advanced manufacturing. The release describes KWM as building an acquisition-driven platform across those three sectors, and frames the Lee and Kim appointments as strengthening its ability to identify, evaluate, and integrate targets within an active acquisition pipeline.
On the corporate mechanics: the rebrand follows a share consolidation completed earlier in August 2026. Shareholders have approved the name change at the Board's discretion. The transition remains subject to completion of customary filings with the Cayman Islands Registrar of Companies and notification to Nasdaq — standard procedural steps before the August 21 target date.
No cash position, share count, or financial results were available in the source material for this report.
What is actually next, per the release: the ticker switch to NXAT on or about August 21, 2026, and continued due diligence on the undisclosed semiconductor and AI infrastructure targets already in the pipeline.