Captivision, Inc. Announces Extension Granted by Nasdaq to Regain Compliance with Periodic Filing Requirement
Captivision (NASDAQ: CAPT), a global LED solution provider, has received an extension from the Nasdaq Hearings Panel to maintain its listing status while working to regain compliance with periodic filing requirements. The company is collaborating with KPMG to complete a restatement and re-audit of its financial statements.
The company must provide an audit testing update by August 29, 2025, and achieve full compliance by October 15, 2025. Captivision expects to file its 2024 Annual Report by September 30, 2025. While the company has addressed other listing requirements, compliance within the extension period is not guaranteed.
Captivision (NASDAQ: CAPT), fornitore globale di soluzioni LED, ha ottenuto una proroga dal Nasdaq Hearings Panel per mantenere il proprio status di quotazione mentre lavora per riconquistare la conformità ai requisiti di deposito periodico. L'azienda collabora con KPMG per completare una riformulazione e una nuova revisione dei suoi bilanci.
La società deve fornire un aggiornamento sui test di revisione entro il 29 agosto 2025 e raggiungere la piena conformità entro il 15 ottobre 2025. Captivision prevede di presentare il proprio Rapporto Annuale 2024 entro il 30 settembre 2025. Sebbene l'azienda abbia soddisfatto altri requisiti di quotazione, la conformità entro il periodo di proroga non è garantita.
Captivision (NASDAQ: CAPT), proveedor global de soluciones LED, ha recibido una extensión del Nasdaq Hearings Panel para mantener su estatus de cotización mientras trabaja para recuperar el cumplimiento con los requisitos de presentación periódica. La compañía está colaborando con KPMG para completar una reformulación y una nueva auditoría de sus estados financieros.
La empresa debe proporcionar una actualización de las pruebas de auditoría antes del 29 de agosto de 2025 y lograr el cumplimiento total antes del 15 de octubre de 2025. Captivision espera presentar su Informe Anual 2024 antes del 30 de septiembre de 2025. Aunque la compañía ha cumplido con otros requisitos de cotización, no se garantiza el cumplimiento dentro del período de extensión.
Captivision (NASDAQ: CAPT)은 글로벌 LED 솔루션 제공업체로, 정기 제출 요건 준수를 회복하는 동안 상장 유지 상태를 유지하기 위해 나스닥 청문회 패널로부터 연장 허가를 받았습니다. 회사는 KPMG와 협력하여 재무제표의 재작성 및 재감사를 진행 중입니다.
회사는 2025년 8월 29일까지 감사 테스트 업데이트를 제공해야 하며, 2025년 10월 15일까지 완전한 준수를 달성해야 합니다. Captivision은 2024년 연례 보고서를 2025년 9월 30일까지 제출할 예정입니다. 회사는 다른 상장 요건은 충족했지만, 연장 기간 내 준수가 보장되지는 않습니다.
Captivision (NASDAQ : CAPT), fournisseur mondial de solutions LED, a obtenu une prolongation du Nasdaq Hearings Panel pour maintenir son statut de cotation tout en travaillant à retrouver la conformité aux exigences de dépôt périodique. L'entreprise collabore avec KPMG pour finaliser une reformulation et une nouvelle audit de ses états financiers.
L'entreprise doit fournir une mise à jour des tests d'audit d'ici le 29 août 2025 et atteindre une conformité complète d'ici le 15 octobre 2025. Captivision prévoit de déposer son Rapport Annuel 2024 avant le 30 septembre 2025. Bien que la société ait satisfait à d'autres exigences de cotation, la conformité pendant la période de prolongation n'est pas garantie.
Captivision (NASDAQ: CAPT), ein globaler Anbieter von LED-Lösungen, hat vom Nasdaq Hearings Panel eine Verlängerung erhalten, um seinen Börsenstatus zu behalten, während es daran arbeitet, die Einhaltung der periodischen Einreichungspflichten wiederherzustellen. Das Unternehmen arbeitet mit KPMG zusammen, um eine Neubewertung und erneute Prüfung seiner Finanzberichte abzuschließen.
Das Unternehmen muss bis zum 29. August 2025 ein Update zu den Prüfungstests vorlegen und bis zum 15. Oktober 2025 die vollständige Einhaltung erreichen. Captivision plant, seinen Jahresbericht 2024 bis zum 30. September 2025 einzureichen. Obwohl das Unternehmen andere Börsenzulassungsanforderungen erfüllt hat, ist die Einhaltung innerhalb der Verlängerungsfrist nicht garantiert.
- Extension granted by Nasdaq to maintain listing status
- Company previously addressed other Nasdaq listing requirements successfully
- Required restatement and re-audit of financial statements indicates potential accounting issues
- Risk of delisting if compliance not achieved by October 15, 2025
- Delayed filing of 2024 Annual Report
MIAMI, July 29, 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 that the Nasdaq Hearings Panel (the “Panel”) has granted the Company’s request for continued listing on The Nasdaq Stock Market (“Nasdaq”), subject to certain conditions related to the Company’s ongoing efforts to regain compliance with Nasdaq Listing Rule 5250(c)(1) (the “Periodic Filing Rule”)
The Company is working diligently with its independent auditor, KPMG Samjong Accounting Corp. (“KPMG”), to complete the restatement and re-audit of its financial statements. Captivision expects to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, on or before September 30, 2025.
Pursuant to the Panel’s decision, Captivision must provide a status update to the Panel regarding audit testing procedures by August 29, 2025, and demonstrate full compliance with the Periodic Filing Rule by October 15, 2025 (the “extension period”).
The Company previously successfully addressed other Nasdaq listing requirements, as disclosed on July 15, 2025. However, there can be no assurance that the Company will be able to regain compliance by the end of the 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
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