๐จ JUST IN: K Wave Media faces Nasdaq delisting risk
๐ฐ๐ท K Wave Media, a South Koreaโbased cultural innovation firm turned digital asset management company, has received a Nasdaq deficiency notice.
KEY DETAILS:
โข Notice date: Jan. 22
โข Issue: Market value below $50M threshold
โข Risk: Potential Nasdaq delisting if not remedied $ETH
WHY IT MATTERS:
โข Highlights stress on small-cap crypto-adjacent firms
โข Nasdaq compliance pressure rising amid risk-off markets $LTC
โข Delisting risk can limit liquidity and institutional access $BTC
BOTTOM LINE:
Public Crypto Plays Are Being Tested.
Without A Market Rebound Or Capital Action, Weak Balance Sheets Get Exposed.
