🟢 K Wave Media is trading 6.3% up today after a 1-for-30 reverse stock split

K Wave Media is trading at $2.67 (6.3% up) today after its 1-for-30 reverse stock split became effective, increasing the per-share trading price.

• The split aims to help the company regain compliance with Nasdaq’s minimum bid-price requirement.
• Shares began trading on a split-adjusted basis at the market open under the existing Nasdaq listing.