DelistingJun 18, 2026, 04:13 PM
K Wave Media receives Nasdaq MVPHS deficiency notice
AI Summary
K Wave Media Ltd. announced it received a deficiency letter from The Nasdaq Stock Market on June 16, 2026. The company's Ordinary Shares did not meet the minimum $15,000,000 Market Value of Publicly Held Shares (MVPHS) requirement for continued listing from May 4, 2026, to June 15, 2026. K Wave Media has a 180-calendar-day compliance period, until December 14, 2026, to regain compliance. The company is evaluating options and intends to submit a comprehensive plan to Nasdaq in June 2026.
Key Highlights
- K Wave Media received a Nasdaq deficiency letter on June 16, 2026.
- The company failed to meet the $15,000,000 Market Value of Publicly Held Shares (MVPHS) requirement.
- The non-compliance period was from May 4, 2026, to June 15, 2026.
- K Wave Media has a 180-calendar-day compliance period until December 14, 2026.
- To regain compliance, MVPHS must close at $15 million or more for 10 consecutive business days.
- The company is evaluating options and intends to submit a compliance plan in June 2026.
Price Impact
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