Nasdaq has sent a critical notice regarding the delisting of K Wave Media

robot
Abstract generation in progress

K Wave Media has received a serious warning from Nasdaq regarding a potential delisting. According to Odaily, this notice concerns the company’s non-compliance with the established minimum requirements for market capitalization and stock price, which threatens its status on one of the world’s largest stock exchanges.

Conditions for remaining listed: market capitalization and stock price

K Wave Media faces two key tasks to avoid delisting. First, the company must achieve a market capitalization of at least $50 million and maintain this level for 10 consecutive trading days by June 2026. Additionally, the company needs to raise its stock price above $1 and ensure its stability for 10 consecutive trading days by July 6, 2026.

These requirements arose after K Wave Media received a preliminary notice of non-compliance earlier this year — its stock price fell below $1 for 30 consecutive trading days, triggering the first warning signal of potential delisting.

Bitcoin treasury as a development strategy

Despite current difficulties, the company previously secured a capital increase of $1 billion to support its Bitcoin treasury strategy. This investment aimed to strengthen K Wave Media’s position in the market and ensure long-term growth through accumulation of digital assets.

Deadlines and the company’s last chance

Thus, K Wave Media has less than half a year to meet Nasdaq’s strict requirements and remain listed on the exchange. The regulator’s notice demonstrates the seriousness of the situation, as delisting would significantly impact the company’s reputation and ability to raise capital. The company must show substantial improvement in its performance to avoid removal from the list and maintain access to the U.S. stock market.

BTC-9,09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)