Captivision, Inc. Announces Continuing Strategic Transformation and Management Change
Rhea-AI Summary
Captivision (Nasdaq: CAPT) announced a continuing strategic transformation and a management change effective November 21, 2025. The company said it is exploring strategic options for Captivision Korea and has expanded that review to include options for Captivision Inc. broadly to optimize stakeholder value.
As part of the repositioning, Captivision accepted the resignation of Anthony Page as chief financial officer; CEO Gary Garrabrant will assume CFO responsibilities on an interim basis effective immediately. The release notes Mr. Page will assist with financial reporting, audit, and required filings during the transition.
Positive
- Continuity in finance via CEO assuming interim CFO duties effective 11/21/2025
- Strategic review expanded from Captivision Korea to Captivision Inc. for broader value optimization
- Outgoing CFO will support audit and required financial filings during transition
Negative
- CFO resignation reduces dedicated finance leadership stability
- Broadened strategic review indicates potential structural or business changes for the company
News Market Reaction
On the day this news was published, CAPT declined 2.84%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
MIAMI, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Captivision Inc. (“Captivision” or the “Company”) (Nasdaq: CAPT), a pioneering manufacturer and global LED provider, announced continuing strategic transformation and a resulting management change in preparation.
As previously announced, the Company is exploring strategic options for Captivision Korea, its wholly owned subsidiary. This exploration has extended to Captivision Inc. with options within the LED industry broadly defined and beyond, continuing to optimize value for all stakeholders.
The Company is also continuing to position its senior leadership to support this transformation. In this regard, the Company has accepted the resignation of Anthony Page as Chief Financial Officer with his responsibilities assumed on an interim basis by Gary Garrabrant, Chief Executive Office (“CEO”) effective immediately. Mr. Page will continue to support the Company in a financial reporting capacity with respect to audit and other required financial filing obligations.
Commenting on the transformation and change, Gary Garrabrant, CEO of Captivision, stated: “On behalf of the Company and all our stakeholders and colleagues, we acknowledge Tony’s many contributions to Captivision as a member of our senior management team. We thank Tony for his continued assistance and support and wish him all the best in his future endeavors.”
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
Who is serving as interim CFO of Captivision (CAPT) after the November 21, 2025 change?
What happened to Anthony Page at Captivision (CAPT) on November 21, 2025?
What strategic options is Captivision (CAPT) exploring as of November 21, 2025?
Will Captivision (CAPT) continue to meet financial filing obligations after the CFO change?
Does the November 21, 2025 announcement indicate an immediate sale or transaction for Captivision (CAPT)?
