12:11 PM EDT, 07/30/2026 (MT Newswires) -- K Wave Media ( KWM ) said Thursday it will effect a 1-for-30 reverse stock split to help maintain compliance with Nasdaq's minimum bid price requirement for continued listing.

The shares are expected to begin trading on a split-adjusted basis at market open on Aug. 3, the firm said.

Shares were down over 13% in midday trading.

Price: 0.09, Change: -0.01, Percent Change: -13.72