Nasdaq Issues Another Delisting Notice to Bitcoin Treasury Company K Wave Media

Odaily News: Nasdaq has issued another delisting notice to K-Pop media company K Wave Media, which employs a Bitcoin treasury strategy. This time, the notice is due to the company's failure to meet Nasdaq's minimum market value (MVLS) requirement. Nasdaq requires that the company's market value must reach or exceed $50 million for 10 consecutive trading days by June 2026; otherwise, it will be unable to continue listing on the Nasdaq Global Market.

Previously, K Wave Media secured $1 billion in capital to advance its Bitcoin treasury strategy. Earlier this year, it received a delisting notice from Nasdaq because its stock price remained below $1 for 30 consecutive trading days. The company was required to raise its stock price above $1 and maintain it for 10 consecutive trading days by July 6, 2026, to avoid delisting.