Captivision Inc. Announces Strategic Update
Rhea-AI Summary
Captivision (OTC:CPTAF) announced a strategic shift on June 18, 2026. The board approved discontinuation of operations at wholly owned subsidiary Captivision Korea, aligning with a transition toward diversified mining.
The company also plans to complete required annual audits, regain SEC reporting compliance, and seek relisting on Nasdaq or NYSE as Montana Gold Inc. alongside a previously announced transformative acquisition.
AI-generated analysis. Not financial advice.
Positive
- Board approval to discontinue Captivision Korea operations as part of diversified mining strategy
- Plans to complete required annual audits and regain SEC reporting compliance
- Intention to seek relisting on Nasdaq or NYSE as Montana Gold Inc.
- Strategic transition linked to a previously announced transformative acquisition
Negative
- Discontinuation of Captivision Korea business operations reduces existing operating footprint
- Current lack of SEC reporting compliance highlighted by need to regain status
- Company is not currently listed on Nasdaq or NYSE despite future relisting plans
Korean Subsidiary Discontinuation Signals Transformation to Diversified Mining
MIAMI, June 18, 2026 (GLOBE NEWSWIRE) -- Captivision Inc. (“Captivision” or the “Company”) (OTC: CPTAF) today announced its Board of Directors approved the discontinuation of the business operations of its wholly-owned subsidiary Captivision Korea.
The Company reaffirmed its intent to complete the required annual audits, regain SEC reporting compliance, and relist on either Nasdaq or The New York Stock Exchange as Montana Gold Inc. (“MGI”) in conjunction with the previously announced transformative acquisition.
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, as well as the proposed acquisition of Montana Tunnels Mining, Inc. and Company’s discontinuation of its legacy architectural media glass and LED 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 successfully negotiate definitive documents governing and consummate the acquisition of Montana Tunnels Mining, Inc.; (2) the ability to realize the benefits expected from the acquisition and the Company’s strategic direction; (3) following consummation of the acquisition, the ability to execute on the development plan for restarting mining; (4) the ability to raise capital (equity and debt) in the future sufficient to fund the capital requirements associated with contemplated post-closing development and operating plans; (5) the ability of its management to implement ongoing plans, including with respect to the hiring and training of operating staff as well as to supplement senior management, and to respond to any unforeseen circumstances that require changes to those plans; (6) the occurrence of various risks including, but not limited to, the failure to delineate economically recoverable ore bodies, unfavorable geological conditions, unanticipated technical and operational difficulties encountered in extraction and production activities, mechanical failure of operating plant and equipment, unexpected shortages or increases in the price of consumables, spare parts and plant and equipment, cost overruns, and failure to obtain essential services from third parties, disruption of production and operations from risks and hazards which are beyond the Company’s control, including environmental hazards, industrial accidents, technical failures, labor disputes, and unusual or unexpected rock formations, (7) the failure of extract or and minerals consistent with resource and reserve estimates; (8) fluctuation in the market prices of gold plus silver, zinc, lead and copper and changes in world demand for such metals; (9) challenges in operating in an environmentally responsible manner and in accordance with all applicable laws, and in avoiding accidents or claims associated with past operations or other unforeseen events which may compromise its environmental performance with adverse financial implications; (10) competition from other mineral exploration and mining companies which may have greater financial and other resources, including downstream capabilities with which the Company cannot effectively compete; (11) the ability to complete its 2024 and 2025 fiscal year end audits and regain the listing of the Company’s ordinary shares and warrants on Nasdaq or the New York Stock Exchange; (12) the future financial performance of the Company; (13) the ability of the Company to retain or recruit, or to effect changes required in, its officers, key employees, or directors; (14) the ability to effectively dissolve and windup its legacy architectural media glass and LED businesses and resolve associated recourse liabilities following the discontinuation of operations; (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