K Wave Media Sets 1-for-30 Reverse Split for August 3 to Regain Nasdaq Compliance
KWM is trading near its 52-week low of $0.077 (10% above the low) on light trading volume (0.3× avg).
Summary
K Wave Media will execute a 1-for-30 reverse stock split effective August 3, reducing outstanding shares from 78.5 million to about 2.6 million. The move aims to lift the stock price above Nasdaq's $1 minimum bid requirement after the company received a deficiency notice in June. This follows shareholder approval and board authorization disclosed in May, and comes amid a broader pivot to AI infrastructure and a $250 million shelf registration. The split itself is mechanical—no ownership dilution—but the post-split price will determine whether Nasdaq compliance is achieved. Trading on a split-adjusted basis begins August 3 under the same ticker.
At the time of this announcement, KWM was trading at $0.09 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.7M. The 52-week trading range was $0.08 to $4.15. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.