SplitJul 30, 2026, 11:32 AM
K Wave Media Announces 1-for-30 Reverse Stock Split
AI Summary
K Wave Media Ltd. announced a 1-for-30 reverse stock split of its issued and outstanding ordinary shares, effective August 3, 2026. The company's shares are expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market under the existing symbol "KWM" on the same day. This action is intended to increase the per-share trading price to help the company maintain compliance with Nasdaq's minimum bid price requirement. The split will reduce the number of outstanding shares and proportionately increase the per-share market price, without altering shareholders' percentage ownership, except for fractional share treatment.
Key Highlights
- K Wave Media announced a 1-for-30 reverse stock split of its ordinary shares.
- The reverse stock split will become effective at 12:01 a.m. ET on August 3, 2026.
- Shares are expected to begin trading on a split-adjusted basis on Nasdaq under the existing symbol "KWM" on August 3, 2026.
- The primary purpose is to increase the per-share trading price to maintain compliance with Nasdaq's minimum bid price requirement.
- Pre-split, the total shares outstanding were 78,514,509.
- The split will not alter any shareholder's percentage ownership, except for adjustments from fractional shares.
- No fractional shares will be issued; they will be treated according to company procedures.
- A new CUSIP number will be assigned, but the trading symbol "KWM" will remain unchanged.
Price Impact
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