Captivision Inc - CAPT STOCK NEWS

Captivision (NASDAQ: CAPT), a pioneering LED solution provider, has appointed Richard "Ric" Clark to its Board of Directors, marking the second experienced addition to the board within a month. Clark will serve as Chair of the Compensation Committee and join the Nominating and Corporate Governance Committee.

Clark brings nearly four decades of real estate, M&A, and capital markets experience. He is the founder of Burnside Investments and co-founder of WatermanClark. Previously, he spent three decades at Brookfield Corp., where he served as Chairman and CEO of multiple divisions. Under his leadership, Brookfield's real estate group expanded its assets under management from $5 billion to over $200 billion.

Captivision (NASDAQ: CAPT), a pioneering LED solution provider, has appointed John Jureller to its Board of Directors, effective immediately. Jureller will serve as Chair of the Company's Audit Committee, bringing significant financial leadership and corporate governance expertise.

Jureller's extensive experience spans across consumer products, communications, private equity, real estate, and healthcare sectors, with previous roles at notable organizations including PepsiCo, Frontier Communications, General Atlantic, and Bankers Trust. He holds an M.B.A. in Finance from Cornell University's Johnson Graduate School of Management and a B.S. with Distinction from Cornell University.

Captivision (CAPT) has completed a significant transparent architectural media glass installation at Lotte Construction's COEX Magok Le-West mixed-use convention center in Seoul. The installation covers over 16,000 square feet in Block CP1, featuring next-generation digital media displays across multiple facades. The project, which generated approximately $8 million in revenue for Captivision, is located in a premier area surrounded by various attractions including the LG Arts Center, Science Park, Space K Museum, and Seoul Botanical Garden.

Captivision (Nasdaq: CAPT) has announced a strategic venture with digiLED and Canary Wharf Group (CWG) to enhance Canary Wharf's transformation from a financial center into a mixed-use neighborhood. The collaboration involves designing and implementing state-of-the-art LED and architectural media glass throughout the campus, with initial installations at Adams Plaza and Thomson Reuters Plaza scheduled for completion in February 2025. The project will create platforms for customer engagement across entertainment, information, and advertising. Captivision will provide transparent and non-transparent LED media solutions, while digiLED will lead the design and installation of LED screens.

Captivision (NASDAQ: CAPT) has announced its first collaboration with the Dream Hollywood hotel in Los Angeles, marking its expansion into digital out-of-home (OOH) media. The company is creating a transparent digital display that will generate a new recurring revenue stream and is expected to produce over three million social media impressions annually. The project involves partnerships with Integrated Market Optimization and Smart City Labs, combining physical and streaming technology for advertising revenue. The venture represents Captivision's evolution as a solution provider across the LED product spectrum.

Captivision Inc. (NASDAQ: CAPT) reported its financial results for the first half of 2024, showing significant growth and improved financial position. Revenue increased by 22% to $15.3 million, compared to $12.6 million in the same period of 2023. The company's gross margin improved to 56% from 50% in the previous year. Captivision raised approximately $8.3 million through equity and debt financings and converted $4.2 million of outstanding debt into equity.

Notable projects contributing to revenue growth included installations at the Mohegan INSPIRE Entertainment Resort, Coex Magok convention center, and UE Garden Hotel & Resort. However, the company reported a net loss of $9.3 million for the period, primarily due to increased selling and administrative expenses related to its transition to a publicly traded entity.

Captivision Inc. (NASDAQ: CAPT) has announced a collaboration with Mohegan, installing a dynamic media glass façade at Mohegan INSPIRE Entertainment Resort in South Korea. This marks Captivision's first partnership with Mohegan, a global leader in entertainment and gaming resorts. The transparent media glass façade integrates advanced display capabilities with the resort's architecture, creating a mesmerizing canvas for media content.

Located near Incheon International Airport, INSPIRE is Mohegan's first international destination resort in Northern Asia. The installation in the International Business Center area showcases Captivision's commitment to providing innovative solutions for world-class partners. This collaboration sets a new standard for visual experiences in hospitality and entertainment environments, preserving panoramic views while delivering tailored visual content.

Captivision Inc. (NASDAQ: CAPT), a pioneer in architectural media glass, has announced strategic improvements to its balance sheet. The company has converted approximately $4.2 million of outstanding debt into equity at a price of $3.00 per share, issuing 1,414,895 shares. Additionally, Captivision Korea, a wholly owned subsidiary, has raised approximately $2.2 million through a private placement bond issuance.

These financial maneuvers aim to strengthen Captivision's financial position as the company anticipates important business catalysts and milestones. CEO Gary Garrabrant expressed appreciation for investors' continued support and confidence in the company's future success.