K Wave Media Ltd. Receives Nasdaq Deficiency Letter for Market Value of Publicly Held Shares

K Wave Media Ltd. received a deficiency letter from Nasdaq on June 16, 2026, indicating a failure to meet the minimum $15,000,000 Market Value of Publicly Held Shares (MVPHS) requirement for continued listing. The company has a 180-day compliance period, until December 14, 2026, to regain compliance. Compliance can be achieved if the MVPHS closes at or above $15 million for ten consecutive business days. Failure to comply may result in delisting, with potential options including an appeal or transfer to the Nasdaq Capital Market. The company is evaluating options and plans to submit a plan to Nasdaq in June 2026, though success is not guaranteed. This report includes a press release dated June 18, 2026, detailing the notice.