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Techub News reports that K Wave Media, a Bitcoin treasury company, received a minimum bid price compliance deficiency notice from Nasdaq on January 7, due to its stock price falling below $1 for 30 consecutive trading days. The announcement stated that the company must raise its stock price above $1 and maintain it for 10 consecutive trading days by July 6, 2026, to regain compliance and avoid delisting risks.
Techub News消息，据Decrypt报道，纳斯达克上市公司K Wave Media董事会批准战略转型为AI基础设施企业，放弃此前计划的比特币财库策略，并将Anson Funds提供的4.85亿美元资金转向AI领域。该公司周一股价下跌近25%至0.307美元。 该公司同时出售旗下最大全资子公司Play Co., Ltd.以消除4800万美元债务，并计划在今年7月年度股东大会上投票表决更名为Talivar Technologies。此次战略转变发生在比特币价格回升至8万美元之际，而该公司目前市值仅约2100万美元。
Techub News, according to Cointelegraph, South Korea's K Wave Media has adjusted its treasury strategy, redirecting funds previously allocated to Bitcoin reserves toward AI infrastructure construction. The company had previously adopted a Bitcoin treasury strategy for holding cryptocurrency assets. This shift in capital marks a strategic focus transition from cryptocurrency reserves to AI computing infrastructure, reflecting the current growing trend in corporate demand for AI infrastructure resources.
Techub News reported that Nasdaq has once again issued a delisting notice to K-Pop media company K Wave Media, which adopted a Bitcoin treasury strategy. The notice indicates that the company failed to meet Nasdaq's minimum market value of listed securities (MVLS) requirement. Nasdaq requires the company to achieve and maintain a market value 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, K Wave Media received a $1 billion capital injection to advance its Bitcoin treasury strategy. However, 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.
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