NXAT on Nasdaq

Nexus Advanced Technologies Inc.

Nexus Advanced Technologies Inc. is an allied to motion picture production services company in the Cayman Islands.1 Its shares trade on Nasdaq under the symbol NXAT.1

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Last updated Oct 21, 2026.

Overview

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  • TickerNXAT on Nasdaq1
  • IndustryServices-Allied To Motion Picture Production1
  • HeadquartersE91
  • Incorporated inCayman Islands2
  • Business address121 South Church Street, Grand Cayman2
  • Filer categoryNon-accelerated filer, Emerging growth company2

K Wave was incorporated as a Cayman Islands exempted company on June 22, 2023. Prior to the Business Combination (described below), K Wave was a wholly-owned subsidiary of Global Star Acquisition Inc. (“Global Star”).3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Content Merchandising Revenue Non Related Parties brought in 35% of the revenue Nexus Advanced Technologies Inc. broke down this way in fiscal 2025.

  1. Content Merchandising Revenue Non Related Parties35.0B KRW435%up 79% from 2024
  2. Content Production Revenue20.7B KRW421%
  3. Media production20.7B KRW421%
  4. F And B Revenue Non Related Parties12.2B KRW412%down 16% from 2024
  5. Content Merchandising Revenue Related Parties9.4B KRW410%up 7% from 2024
  6. Content Investment Revenue Related Parties736.8M KRW41%
  7. F And B Revenue Related Parties54.4M KRW40%down 23% from 2024
  8. Content Investment Revenue Non Related Parties8.4M KRW40%
Products and services by year
Products and services202320242025
Content Merchandising Revenue Non Related Parties38.6B KRW19.6B KRW35.0B KRW
Content Production Revenue20.7B KRW
Media production20.7B KRW
F And B Revenue Non Related Parties17.7B KRW14.6B KRW12.2B KRW
Content Merchandising Revenue Related Parties11.2B KRW8.8B KRW9.4B KRW
Content Investment Revenue Related Parties736.8M KRW
F And B Revenue Related Parties15.3M KRW70.5M KRW54.4M KRW
Content Investment Revenue Non Related Parties8.4M KRW

Business segments

Content Merchandising brought in 57% of the revenue Nexus Advanced Technologies Inc. broke down this way in fiscal 2025.

  1. Content Merchandising44.4B KRW457%up 57% from 2024
  2. Content production20.7B KRW426%
  3. Food and beverages12.2B KRW416%down 16% from 2024
  4. Content investment745.1M KRW41%
Business segments by year
Business segments202320242025
Content Merchandising49.8B KRW28.4B KRW44.4B KRW
Content production20.7B KRW
Food and beverages17.7B KRW14.6B KRW12.2B KRW
Content investment745.1M KRW

Financial statements

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Total revenues78.1B KRW43.0B KRW67.5B KRW
Cost of revenues-71.2B KRW-41.9B KRW-60.8B KRW
Gross profit6.9B KRW1.1B KRW6.6B KRW
Selling, general and administrative expenses-69.2B KRW-4.0B KRW-4.6B KRW
Other income1.3B KRW1.0B KRW1.5B KRW
Other expenses-133.7B KRW-1.6B KRW-35.5M KRW
Operating profit(loss)-194.7B KRW-3.5B KRW3.5B KRW
Finance income24.6B KRW576.6M KRW1.7B KRW
- Related parties589.2M KRW125.8M KRW831.2M KRW
- Non-related parties24.1B KRW450.8M KRW912.7M KRW
Finance costs-37.6B KRW-1.4B KRW-1.7B KRW
- Related parties2.7B KRW242.6M KRW176.6M KRW
- Non-related parties34.9B KRW1.1B KRW1.5B KRW
Profit(Loss) before income tax-207.7B KRW-4.3B KRW3.6B KRW
Income tax benefit(expense)-435.1M KRW753.6M KRW-760.8M KRW
Profit(Loss) for the period-208.1B KRW-3.6B KRW2.8B KRW
Foreign Currency Translation adjustments-4.9B KRW
Remeasurement of defined benefit liabilities311.2M KRW44.1M KRW109.6M KRW
Total comprehensive loss for the period-212.7B KRW-3.5B KRW2.9B KRW
Owners of the Parent Company-205.7B KRW-2.5B KRW3.1B KRW
Non-controlling interest-2.4B KRW-1.0B KRW-344.8M KRW
Owners of the Parent Company-210.4B KRW-2.5B KRW3.2B KRW
Non-controlling interest-2.3B KRW-1.0B KRW-308.8M KRW
Basic earnings per share-3,341.00 KRW-290.00 KRW357.00 KRW
Diluted earnings per share-3,341.00 KRW-290.00 KRW357.00 KRW

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Corporate structure

Nexus Advanced Technologies Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Nexus Advanced Technologies Inc.

  • Anson Funds Management LP Filed SCHEDULE 13G/A on Nexus Advanced Technologies Inc., latest Aug 14, 2026 (2 filings since May 15, 2026)
  • Ted Kim Filed SCHEDULE 13D/A on Nexus Advanced Technologies Inc., latest Jan 27, 2026 (2 filings since Oct 14, 2025)
  • Nexus Advanced Technologies Inc. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

Leadership

Who has led Nexus Advanced Technologies Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Yong Fang2026–now
  • Chief financial officerYong Fang Mar 24, 2026 to now5
Board members and other officers (2)

Former names

  • K Wave Media Ltd.Nov 13, 2023 to Aug 20, 20262

Filings

116 filings to the SEC since October 2021: 3 annual reports, 7 insider forms, 4 large holders, 102 other. The latest 20:

  1. Oct 5, 20266-K EDGAR
  2. Oct 1, 20266-K EDGAR
  3. Sep 11, 20266-K EDGAR
  4. Sep 11, 20266-K EDGAR
  5. Aug 20, 2026424B5 EDGAR
  6. Aug 19, 20266-K EDGAR
  7. Aug 14, 2026SCHEDULE 13G/A EDGAR
  8. Aug 4, 20266-K EDGAR
  9. Aug 3, 2026424B5 EDGAR
  10. Jul 10, 20266-K EDGAR
  11. Jul 9, 2026EFFECT EDGAR
  12. Jul 7, 2026CORRESP EDGAR
  13. Jul 7, 2026UPLOAD EDGAR
  14. Jun 30, 2026F-3 EDGAR
  15. Jun 29, 20266-K/A EDGAR
  16. Jun 18, 20266-K EDGAR
  17. Jun 9, 20266-K EDGAR
  18. Jun 4, 20266-K EDGAR
  19. May 27, 20266-K EDGAR
  20. May 22, 20266-K EDGAR

The 116 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Anson Funds Management LPSCHEDULE 13G/A, 2 filings May 15, 2026 to Aug 14, 20268
  • Ted KimSCHEDULE 13D/A, 2 filings Oct 14, 2025 to Jan 27, 20269

SEC filer profile

How Nexus Advanced Technologies Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNexus Advanced Technologies Inc.1
  • CIK0002000756
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company3
  • Incorporated inCayman Islands3
  • Fiscal year endsDecember 311
  • Industry code (SIC)7819 Services-Allied To Motion Picture Production1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address121 South Church Street, Grand Cayman, Cayman Islands1
  • Phone904 665 36101
  • Shares outstanding64,221,193 shares as of Dec 31, 20253
  • AuditorSamil PricewaterhouseCoopers, Seoul, KOREA PCAOB ID 1103; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceNov 13, 20231
  • Filings116 in all: 6-K (31), CORRESP (20), UPLOAD (15), F-4/A (12), 3 (7), EFFECT (5), 6-K/A (3), F-1 (3)1
    All 24 form types

    F-1/A (3), 20-F (2), 424B5 (2), 20-F/A (1), 424B3 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), F-3 (1), F-4 (1), NT 20-F (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) May 15, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary shares, $0.0001 par value per shareKWMThe Nasdaq Stock Market LLC
Warrants, each exercisable to purchase one Ordinary Share at an exercise price of $11.50 per shareKWMWWThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed May 15, 2026 (Section 12(b) of the Exchange Act).3