PANews|Jan 24, 2026 01:34
[Nasdaq Issues Another Delisting Notice to Bitcoin Treasury Company K Wave Media]
According to Globenewswire, Nasdaq has once again issued a delisting notice to K Wave Media, a K-Pop media company adopting a Bitcoin treasury strategy. This time, the notice was due to the company's market value failing to meet Nasdaq's minimum market value (MVLS) requirement. Nasdaq has mandated that the company must achieve and maintain a market value of $50 million or more for 10 consecutive trading days by June 2026, or it will no longer be able to remain listed on the Nasdaq Global Market.
Previously, it was reported that K Wave Media received $1 billion in capital to support its Bitcoin treasury strategy. Earlier this year, the company received a delisting notice from Nasdaq after its stock price remained below $1 for 30 consecutive trading days. Nasdaq required the company to raise its stock price above $1 and maintain it for 10 consecutive trading days by July 6, 2026, to avoid delisting.
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