Captivision, Inc. Announces Compliance with Nasdaq’s Market Value of Listed Securities and Minimum Bid Price Requirements

Rhea-AI Summary

Captivision (NASDAQ: CAPT), a global LED solution provider, has successfully regained compliance with Nasdaq's Market Value of Listed Securities and Minimum Bid Price requirements as of July 11, 2025.

The company still needs to address non-compliance regarding its delayed Form 20-F filing for December 31, 2024. Captivision will present its compliance plan to the Nasdaq Hearing Panel on July 22, 2025, though there's no guarantee of receiving an extended stay or additional extension period.

Positive

• Regained compliance with Nasdaq's Market Value of Listed Securities requirement
• Achieved compliance with Minimum Bid Price requirement
• Scheduled hearing with Nasdaq Panel to present compliance plan

Negative

• Still non-compliant with listing rule regarding delayed Form 20-F filing
• No guarantee of receiving extension or maintaining Nasdaq listing
• Risk of potential delisting if compliance plan is not accepted

MIAMI, July 15, 2025 (GLOBE NEWSWIRE) -- Captivision Inc. (“Captivision” or the “Company”) (NASDAQ: CAPT), a pioneering manufacturer and global LED solution provider, announced that it has been informed by the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) that as of July 11, 2025, the Company has regained compliance with the Market Value of Listed Securities (Listing Rule 5450(b)(2)(A)) and Minimum Bid Price requirements (Listing Rule 5450(a)(1)).

The Company is actively working to address its remaining non-compliance with Listing Rule 5250(c)(1) related to the delayed filing of its Form 20-F for the period ended December 31, 2024. Captivision is preparing to present its plan and progress toward compliance at the scheduled hearing before the Hearing Panel (the “Panel”) on July 22, 2025.

There can be no assurance that the Panel will grant the Company an extended stay or an additional extension to demonstrate compliance, or that the Company will be able to regain compliance by the end of any additional extension period.

About Captivision

Captivision is a pioneering manufacturer and global LED solution provider, a leading innovator in digital display technology and immersive media. At the forefront of media architecture, Captivision has developed breakthrough media glass technology, fusing IT building materials with architectural glass to create transparent, high-performance digital canvases. This cutting-edge product enables real-time streaming and content delivery on any glass façade, transforming ordinary surfaces into dynamic storytelling platforms. Captivision is fast becoming a solution provider across the LED product spectrum. Captivision’s media glass and solutions have been implemented in hundreds of locations globally across sports stadiums, entertainment venues, casinos and hotels, convention centers, office and retail properties and airports. Learn more at http://www.captivision.com/.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies, or expectations for the Company’s respective businesses. These statements are based on the beliefs and assumptions of the management of the Company. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot assure you that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts, and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “believe”, “can”, “continue”, “expect”, “forecast”, “may”, “plan”, “project”, “should”, “will” or the negative of such terms, and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The risks and uncertainties include, but are not limited to: (1) the ability to raise financing in the future and to comply with restrictive covenants related to indebtedness; (2) the ability to realize the benefits expected from the business combination and the Company’s strategic direction; (3) the significant market adoption, demand and opportunities in the construction and digital out of home media industries for the Company’s products; (4) the ability to maintain the listing of the Company’s ordinary shares and warrants on Nasdaq; (5) the ability of the Company to remain competitive in the fourth generation architectural media glass industry in the face of future technological innovations; (6) the ability of the Company to execute its international expansion strategy; (7) the ability of the Company to protect its intellectual property rights; (8) the profitability of the Company’s larger projects, which are subject to protracted sales cycles; (9) whether the raw materials, components, finished goods, and services used by the Company to manufacture its products will continue to be available and will not be subject to significant price increases; (10) the IT, vertical real estate, and large format wallscape modified regulatory restrictions or building codes; (11) the ability of the Company’s manufacturing facilities to meet their projected manufacturing costs and production capacity; (12) the future financial performance of the Company; (13) the emergence of new technologies and the response of the Company’s customer base to those technologies; (14) the ability of the Company to retain or recruit, or to effect changes required in, its officers, key employees, or directors; (15) the ability of the Company to comply with laws and regulations applicable to its business; and (16) other risks and uncertainties set forth under the section of the Company’s Annual Report on Form 20-F entitled “Risk Factors.”

These forward-looking statements are based on information available as of the date of this press release and the Company’s management team’s current expectations, forecasts, and assumptions, and involve a number of judgments, known and unknown risks and uncertainties and other factors, many of which are outside the control of the Company and its directors, officers, and affiliates. Accordingly, forward-looking statements should not be relied upon as representing the Company management team’s views as of any subsequent date. The Company does not undertake any obligation to update, add or to otherwise correct any forward-looking statements contained herein to reflect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be required under applicable securities laws.

Investor Contact:
Gateway Group
Ralf Esper
+1 949-574-3860
CAPT@gateway-grp.com

FAQ

What Nasdaq requirements has Captivision (CAPT) regained compliance with?

As of July 11, 2025, Captivision has regained compliance with Market Value of Listed Securities (Rule 5450(b)(2)(A)) and Minimum Bid Price requirements (Rule 5450(a)(1)).

What remaining Nasdaq compliance issue does Captivision (CAPT) need to address?

Captivision needs to address non-compliance with Listing Rule 5250(c)(1) related to the delayed filing of its Form 20-F for the period ended December 31, 2024.

When is Captivision's (CAPT) Nasdaq hearing panel meeting scheduled?

Captivision is scheduled to present its compliance plan to the Nasdaq Hearing Panel on July 22, 2025.

Is Captivision (CAPT) at risk of being delisted from Nasdaq?

Yes, there is a risk as there's no guarantee the Panel will grant an extended stay or additional extension period for compliance, which could potentially lead to delisting.

What is Form 20-F and why is it important for Captivision's (CAPT) Nasdaq listing?

Form 20-F is an annual report required for foreign private issuers listed on U.S. exchanges. Its delayed filing has put Captivision in non-compliance with Nasdaq Listing Rule 5250(c)(1).