PANews January 24th News, according to Globenewswire, Nasdaq has once again issued a delisting notice to K Wave Media, a K-Pop media company adopting the Bitcoin treasury strategy. This time, the delisting is due to the company’s market value not meeting Nasdaq’s minimum market value requirement (MVLS). Nasdaq requires it to maintain a market value of at least $50 million for 10 consecutive trading days before June 2026; otherwise, it will not be able to continue listing on the Nasdaq Global Market.
Earlier reports indicated that K Wave Media received $1 billion in capital to support its Bitcoin treasury strategy. This year, after its stock price remained below $1 for 30 consecutive trading days, Nasdaq issued a delisting notice, requiring the company to raise its stock price above $1 and maintain it for 10 consecutive trading days before July 6, 2026, to avoid delisting.
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