Nasdaq issues delisting notice to bitcoin treasury company K Wave Media

Foresight News reported that K Wave Media, a K-Pop media company adopting a Bitcoin treasury strategy, is facing the risk of delisting from the Nasdaq Stock Exchange due to its stock price remaining below $1 for 30 consecutive trading days. Nasdaq issued a delisting notice to the company on January 7, requiring it to raise its stock price above $1 and maintain it for 10 consecutive trading days by July 6, 2026, in order to avoid delisting.