K Wave Media Ltd. (KWM) Form 6-K — Jun 18, 2026
K Wave Media received a deficiency letter from Nasdaq on June 16, 2026, indicating that its market value of publicly held shares fell below the required $15,000,000 threshold for the period from May 4 to June 15. This non-compliance was determined pursuant to Nasdaq Listing Rules 5450(b)(2&3)(C). The company has been granted a 180-calendar day compliance period ending December 14, 2026, to regain compliance by maintaining a market value of at least $15 million for ten consecutive business days. If the company fails to regain compliance, its securities may be subject to delisting, although it retains the right to appeal or transfer to the Nasdaq Capital Market.
Key figures
- Mvphs Requirement
- $15,000,000
- Compliance Deadline
- 2026-12-14
- Compliance Period Days
- 180
- Deficiency Period End Date
- 2026-06-15
- Deficiency Period Start Date
- 2026-05-04
AI analysis
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