---
schema_version: "secwatch.filing_event.v1"
accession: "0001997859-26-000087"
form_type: "8-K"
ticker: "WBTN"
cik: "0001997859"
company_name: "WEBTOON Entertainment Inc."
filed_at: "2026-08-10T20:33:54+00:00"
generated_at: "2026-08-10T20:35:31.671189+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# WEBTOON invests KRW 150B in RI Games Holdings; Q2 revenue down 2.8%

## Summary
- Agreement to acquire up to 9,000 shares of RI Games Holdings for KRW 150,000,003,000; two closings; post-closing ~60% ownership.
- First closing: 2,999 shares for KRW 49,983,334,333; second closing 6,001 shares for KRW 100,016,668,667, contingent on a commercial launch milestone.
- Shareholders Agreement: up to KRW 50B capital increases; put/call based on KRW 250B revenue target by Jun 30, 2030.
- Q2 revenue $338.5M (-2.8% YoY), constant currency $366.4M (+5.2%); net loss $14.6M vs $3.9M; Adj EBITDA $5.5M vs $9.7M.
- Q3 guidance: revenue $358-368M, Adj EBITDA $0-5M; cash $583.1M + $11.2M deposits, no debt.

## SEC filing metadata
- accession: 0001997859-26-000087
- form_type: 8-K
- ticker: WBTN
- cik: 0001997859
- company_name: WEBTOON Entertainment Inc.
- filed_at: 2026-08-10T20:33:54+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1997859/000199785926000087/0001997859-26-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1997859/000199785926000087/wbtn-20260810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001997859-26-000087
- JSON: https://secwatch.observer/filing/0001997859-26-000087.json
- Plain text: https://secwatch.observer/filing/0001997859-26-000087.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.