🟢 K Wave Media is trading 10.5% up today after announcing a 1-for-30 reverse stock split to regain Nasdaq compliance

K Wave Media is trading 10.5% up today at $0.08 after announcing a 1-for-30 reverse stock split aimed at regaining compliance with Nasdaq’s $1.00 minimum bid price rule.

• The split is scheduled to take effect on August 3, following a week of sharp declines in the company's share price.
• Investors are recalibrating expectations regarding the company’s future listing status and post-split valuation.