K Wave Media shares rise 10.69% after-hours as Nasdaq compliance notice sparks confidence in revival plans.

K Wave Media surged 10.69% in after-hours trading following the announcement that it received a Nasdaq MVLS deficiency notice for failing to meet the $50M market value requirement. The company stated it has 180 calendar days to restore compliance by maintaining a $50M market value for 10 consecutive business days, with no immediate impact on listing or trading. Investors may have interpreted the company’s commitment to its long-term strategy and focus on strategic growth initiatives—such as digital platforms and Bitcoin treasury management—as a positive signal amid the compliance challenge, suggesting confidence in its ability to address the shortfall. The after-hours rally reflects optimism that K Wave Media can regain compliance and sustain its business strategy.