🔴 K Wave Media is trading 18.8% down today after reverse split surge

K Wave Media is trading 18.8% down at $2.45 in pre-market action as the stock's recent post-split rally begins to unwind.

• The company implemented a 1-for-30 reverse stock split effective August 3, 2026, to regain compliance with Nasdaq’s $1.00 minimum bid price requirement.
• The corporate action triggered significant volatility and a sharp price jump during the previous session, which is now partially reversing in thin pre-market volume.