K Wave Media Receives Nasdaq MVLS Deficiency Notice, Aims to Regain Compliance by June 2026

Core Viewpoint - K Wave Media has received a notification from Nasdaq indicating non-compliance with the minimum Market Value of Listed Securities requirement for continued listing on The Nasdaq Global Market [1] Group 1: Compliance Notification - The notification from Nasdaq was dated January 22, 2025, and states that K Wave Media is not in compliance with the minimum MVLS requirement [1] - According to Nasdaq Listing Rule 5810(c)(3)(C), the company has a 180-calendar-day compliance period to restore compliance by maintaining an MVLS of at least $50 million for 10 consecutive business days [2] Group 2: Immediate Effects and Company Response - The letter from Nasdaq does not have an immediate effect on the listing or trading of the company's ordinary shares [3] - K Wave Media is considering available options to restore compliance with Nasdaq listing requirements and remains committed to its long-term business strategy and enhancing shareholder value [3] Group 3: Company Overview - K Wave Media is a publicly listed entertainment and Bitcoin treasury company focused on creating, distributing, and monetizing high-quality content across multiple platforms [4] - Since going public in 2025, K Wave Media has concentrated on strategic growth initiatives, including acquisitions, digital platforms, and digital asset treasury management [4]