🟢 K Wave Media is trading 14.3% up today after its 1-for-30 reverse stock split became effective

K Wave Media is trading at $2.87 (+14.30%) after its 1-for-30 reverse stock split became effective, lifting the split-adjusted per-share price.

• The reverse split was implemented to help the company regain compliance with Nasdaq’s minimum bid-price requirement of $1.00 per share.
• While broader markets are also trading higher today, the split-adjusted price action remains the primary catalyst for the stock's movement.