K Wave Media partners with IGIS Global to deploy up to $2 billion into AI infrastructure

• K Wave Media entered strategic partnership agreement with IGIS Global Properties, unit of IGIS Asset Management with more than $50 billion under management, to accelerate its AI infrastructure strategy.
• Partnership targets up to $2 billion of AI infrastructure deployments over next 24 months, subject to project identification and approvals.
• IGIS Global will source and underwrite data center and broader AI infrastructure opportunities in US and international markets.
• IGIS Global expected to co-invest or participate as limited partner in K Wave-led SPCs or funds for select deals.
• Agreement adds to up to $485 million committed capital under financing arrangement with Anson Funds; company also plans to eliminate about $48 million of liabilities via divestiture of Play Co.

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