Business
K Wave Media Ltd. Announces Receipt of Nasdaq Notification Letter Regarding Minimum Price Deficiency
NEW YORK and SEOUL, South Korea, Jan. 09, 2026 (GLOBE NEWSWIRE) -- K Wave Media Ltd. (Nasdaq: KWM), a Korean cultural innovation and digital asset company (“K
About this update from K Wave Media, Ltd.
[{"type":"text","content":"NEW YORK and SEOUL, South Korea, Jan. 09, 2026 (GLOBE NEWSWIRE) -- K Wave Media Ltd. (Nasdaq: KWM), a Korean cultural innovation and digital asset company (“K Wave” or the “Company”), today announced that it received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) dated January 7, 2026, notifying the Company that based on the closing bid price of the Company for the period from November 20, 2025 to January 6, 2026, the Company no longer meets the continued listing requirement of Nasdaq, under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until July 6, 2026, to regain compliance with Nasdaq minimum bid price requirement. If at any time during the compliance period, the closing bid price per share of the Company’s ordinary shares is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and this matter will be closed. If the Company does not regain compliance in the compliance period, the Company may be eligible for an additional 180 calendar days to demonstrate compliance with the bid price requirement, provided that the Company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and is able to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. The Nasdaq notification letter does not result in the immediate delisting of the Company’s ordinary shares, and the shares will continue to trade uninterrupted under the symbol “KWM.” The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement. About K Wave Media K Wave Media Ltd. (KWM) is a publicly listed entertainment and Bitcoin treasury company dedicat...