K Wave Media sets 1-for-30 reverse split, targeting Nasdaq compliance

K Wave Media Ltd. will implement a 1-for-30 reverse stock split of its ordinary shares. The consolidation becomes effective on August 3, 2026.

Shares will trade on a split-adjusted basis on the Nasdaq Capital Market under the existing ticker KWM. Trading begins at the market opening on the effective date.

The company intends to increase its per-share price to regain compliance with Nasdaq’s minimum bid price requirement. The board and shareholders previously authorized the consolidation.

The split reduces the number of outstanding shares from approximately 78.5 million. Individual shareholder ownership percentages will remain unchanged.