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

Odaily According to news, Nasdaq has once again issued a 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 has mandated that the company must achieve and maintain a market capitalization of at least $50 million for 10 consecutive trading days by June 2026; otherwise, it will be unable to continue its listing on the Nasdaq Global Market.

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