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K Wave Media Receives Nasdaq Noncompliance Notice Under Minimum Market Value Of Listed Securities, Gets 180-Calendar-Day Compliance Period

Benzinga·01/23/2026 21:32:43
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K Wave Media (the "Company") announced today that it received a written notification (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") dated January 22, 2025, notifying the Company that it is not in compliance with the minimum Market Value of Listed Securities ("MVLS") requirement set forth in Nasdaq Listing Rules for continued listing on The Nasdaq Global Market.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(C), the Company has a 180-calendar-day compliance period and during this period, the Company's MVLS closes at or above $50 million for at least 10 consecutive business days, Nasdaq will notify the Company of its compliance, and the matter will be closed.

This letter has no immediate effect on the listing or trading of the Company's ordinary shares. The Company will consider available options during this period to restore compliance with Nasdaq listing requirements. The Company remains committed to executing its long-term business strategy and enhancing shareholder value.