NEW YORK and SEOUL, South Korea, June  18, 2026  (GLOBE NEWSWIRE) -- K Wave Media (the &#34;Company&#34;) announced today that it received a written notification (the &#34;Notice&#34;) from the Nasdaq Stock Market LLC (&#34;Nasdaq&#34;) dated

K Wave Media Receives Nasdaq MVPHS Deficiency Notice, Aims to Regain Compliance by June 2026

K Wave Media Faces Nasdaq MVPHS Compliance Window Amid Rebrand Plan

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK and SEOUL, South Korea, June  18, 2026  (GLOBE NEWSWIRE) -- K Wave Media (the &amp;#34;Company&amp;#34;) announced today that it received a written notification (the &amp;#34;Notice&amp;#34;) from the Nasdaq Stock Market LLC (&amp;#34;Nasdaq&amp;#34;) dated</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>K Wave Media disclosed a Nasdaq MVPHS non-compliance notice and a 180-day cure window to restore the required market value. The company must maintain MVPHS above $15 million for 10 consecutive trading days. It also plans a potential rebrand to Talivar Technologies following the July 2026 annual meeting, signaling a strategic pivot toward AI infrastructure.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Nasdaq notified KWM it lacks MVPHS; 180-day cure window begins.</li><li>MVPHS must exceed $15 million for 10 consecutive trading days.</li><li>No immediate trading halt; options to restore compliance will be considered.</li><li>KWM may pursue rebranding to Talivar Technologies after July 2026 meeting.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>K Wave Media Ltd. (KWM)</strong>: Not in MVPHS compliance; faces listing risk; may rebrand to Talivar.</li><li><strong>Nasdaq Stock Market LLC (NDAQ)</strong>: Regulatory body enforcing MVPHS; cure process governs listing status.</li><li><strong>Talivar Technologies (N/A)</strong>: Future brand name; impact depends on shareholder approval and execution.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. This piece centers on regulatory listing requirements and a strategic branding shift, both of which can affect KWM&#039;s equity value and investor perception during a period of strategic transformation.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>MVPHS compliance risk could trigger near-term volatility on uncertainty.</li><li>No immediate listing action reduces near-term downside risk.</li><li>July 2026 shareholder vote on rebranding may shift sentiment.</li><li>Strategic AI-infrastructure pivot could unlock future growth if listing remains intact.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of Nasdaq notice: June 16, 2026.</li><li>MVPHS threshold: minimum market value of publicly held shares at least $15 million.</li><li>Cure period: 180 calendar days.</li><li>Required duration: MVPHS above threshold for 10 consecutive business days.</li><li>Annual meeting expected in early July 2026; rebrand to Talivar Technologies.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term risk; monitor MVPHS cure progress and July rebrand decision for potential longer-term upside.</p>
  </section>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="left" style="padding-left:0pt;">NEW YORK and SEOUL, South Korea, June  18, 2026  (GLOBE NEWSWIRE) -- K Wave Media (the "Company") announced today that it received a written notification (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") dated June 16, 2026, notifying the Company that it is not in compliance with the minimum Market Value of Publicly Held Shares ("MVPHS") requirement set forth in Nasdaq Listing Rules for continued listing on The Nasdaq Global Market.</p>  <p style="padding-left:0pt;">Pursuant to Nasdaq Listing Rules 5450(b)(2&amp;3)(C), the Company has a 180-calendar-day compliance period and during this period, the Company&#39;s MVPHS closes at or above $15 million for at least 10 consecutive business days, Nasdaq will notify the Company of its compliance, and the matter will be closed.</p>  <p style="padding-left:0pt;">This letter has no immediate effect on the listing or trading of the Company&#39;s ordinary shares. The Company will consider available options during this period to restore compliance with Nasdaq listing requirements. The Company remains committed to executing its long-term business strategy and enhancing shareholder value.</p>  <p style="padding-left:0pt;">​​<strong>About K Wave Media Ltd.</strong></p>  <p>K Wave Media Ltd. is a Nasdaq-listed company undergoing a strategic transformation toward investments in AI infrastructure, including data centers, compute resources, and AI-related technologies. Subject to shareholder approval at the Company's upcoming annual meeting, expected in early July 2026, KWM intends to rebrand as Talivar Technologies.</p>  <p><br></br><strong>Forward-Looking Statements</strong><br></br>This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking.<br></br><br></br>These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of KWM's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions. Many actual events and circumstances are beyond the control of KWM. Some important risks that could cause actual results to differ materially from those in any forward-looking statements include changes in domestic and foreign business, market, financial, political, and legal conditions.<br></br><br></br>If any of these risks materialize or KWM's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that KWM does not presently know, or that KWM currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect KWM's current expectations, plans, and forecasts of future events and views as of the date hereof.<br></br><br></br>Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved.<br></br><br></br>You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein and the risk factors of KWM described in KWM's Annual Report on Form 20-F filed with the SEC on May 15, 2025, including those under the heading "Risk Factors" therein. KWM anticipates that subsequent events and developments may cause its assessments to change. However, while KWM may elect to update these forward-looking statements at some point in the future, KWM specifically disclaims any obligation to do so, except as required by law. The forward-looking statements contained herein should not be relied upon as representing KWM's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.<br></br><br></br><strong>Media Contact</strong><br></br><strong>Investor Relations: </strong>info@kwavemedia.com<br></br><strong>Public Relations: </strong>info@redroosterpr.com</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc0OTUwOSM3NjY5MDU3IzIyOTg1OTg="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MDI5M2JjZDQtMTZlNC00YjQwLTk5MjUtN2RkMzE3NmNkMGY4LTEzMTAxNDgtMjAyNi0wNi0xOC1lbg==/tiny/K-Wave-Media.png" referrerpolicy="no-referrer-when-downgrade"></img>

K Wave Media disclosed a Nasdaq MVPHS non-compliance notice and a 180-day cure window to restore the required market value. The company must maintain MVPHS above $15 million for 10 consecutive trading days. It also plans a potential rebrand to Talivar Technologies following the July 2026 annual meeting, signaling a strategic pivot toward AI infrastructure.

K Wave Media Receives Nasdaq MVPHS Deficiency Notice, Aims to Regain Compliance by June 2026

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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