RegulatoryJun 18, 2026, 04:06 PM
K Wave Media Receives Nasdaq Non-Compliance Notice for MVPHS
AI Summary
K Wave Media announced it received a written notification from Nasdaq on June 16, 2026, indicating non-compliance with the minimum Market Value of Publicly Held Shares (MVPHS) requirement. The company's MVPHS is below $15 million, triggering a 180-calendar-day period to regain compliance by maintaining an MVPHS of $15 million or more for at least 10 consecutive business days. The notice does not immediately affect the listing or trading of its shares, and the company is considering options to restore compliance while also planning to rebrand as Talivar Technologies, subject to shareholder approval.
Key Highlights
- K Wave Media received a Nasdaq non-compliance notice on June 16, 2026.
- The notice is for not meeting the minimum Market Value of Publicly Held Shares (MVPHS) requirement.
- The company's MVPHS is currently below $15 million.
- K Wave Media has a 180-calendar-day period to regain compliance.
- Compliance requires MVPHS to close at or above $15 million for 10 consecutive business days.
- The notice has no immediate effect on the listing or trading of shares.
- The company plans to rebrand as Talivar Technologies, pending shareholder approval.
Price Impact
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