Major investor Sura Kanitthaweekul has reduced his stake in Wave Exponential Public Company Limited (WAVE) to 588,223,400 shares, representing 5.13%, as of August 14, 2026, the lowest level in five years. Previously, on April 1, 2026, he held 629,527,200 shares, or 5.49%, and on September 29, 2025, he held 710,000,000 shares, or 6.2%. This reduction occurred despite WAVE's share price rising 33% in August 2026. Meanwhile, the company plans a private placement of 5,994,569,605 new shares, allocated to existing shareholders at a ratio of 3 existing shares for 1 new share, with a subscription price of 0.04 baht per share. It will also issue free warrants WAVE-W5 at a ratio of 2 new shares per 1 warrant, with an exercise price of 0.05 baht per share and a 3-year term. This will be proposed at the extraordinary shareholders' meeting on September 17, 2026, and the shares will trade ex-warrant (XW) on September 24, 2026. The company reported a net loss of 11.06 million baht in Q2 2026, compared to a net profit of 391.29 million baht in the same period last year. It has also appointed Julapas Kruasophon as the new Chief Executive Officer to drive corporate restructuring through three main business groups.
Wave Entertainment Public Company LimitedMajor investor reduces stake to 5-year low, company plans dilutive private placement and warrants, and reports net loss in Q2 2026.
