K Wave Media shares rise 17.81% premarket following strategic restructuring, $500M convertible note, and Galaxy Digital partnership.

K Wave Media surged 17.81% in premarket trading following announcements of strategic restructuring, a $500 million convertible note offering, and a partnership with Galaxy Digital to advance its Bitcoin treasury strategy. The restructuring and funding raise signaled operational and financial improvements, while the collaboration with Galaxy Digital—a major player in digital assets—enhanced investor confidence in K Wave's crypto-focused initiatives. Additionally, founders gifting 10% of their shares to employees or stakeholders was interpreted as a positive signal of alignment and optimism in the company's future. These developments collectively drove the premarket rally, reflecting market enthusiasm for the firm’s strategic and capital moves.