Nasdaq Delisting Notice for K Wave Media Over Market Cap

Nasdaq has issued a delisting notice to K Wave Media, a K-Pop media company with a Bitcoin treasury strategy, due to its failure to meet the minimum market capitalization requirement. The company must achieve a market cap of at least $50 million for 10 consecutive trading days by June 2026 to remain listed on the Nasdaq Global Market. This follows a previous notice requiring K Wave Media to raise its stock price above $1 by July 6, 2026, after it fell below $1 for 30 consecutive days.