Core Insights - Captivision Inc. is undergoing a strategic transformation, which includes a management change to better align with its future direction [1][3] - The company is exploring strategic options for its wholly owned subsidiary, Captivision Korea, and is looking for opportunities within the broader LED industry [2] Management Changes - Anthony Page has resigned as Chief Financial Officer, with Gary Garrabrant, the Chief Executive Officer, assuming his responsibilities on an interim basis [3] - Garrabrant acknowledged Page's contributions and expressed gratitude for his continued support during the transition [4] Company Overview - Captivision is a leading manufacturer and global provider of LED solutions, known for its innovative digital display technology and immersive media [4] - The company has developed advanced media glass technology that integrates IT materials with architectural glass, allowing for real-time content delivery on glass surfaces [4] - Captivision's products have been implemented in various global locations, including sports stadiums, entertainment venues, and airports [5]

Core Points - Captivision Inc. has received notices from Nasdaq regarding non-compliance with listing requirements, specifically the minimum closing bid price and market value of listed securities [1][2][3] - The company has until May 5, 2026, to regain compliance with these requirements, during which its shares will continue to trade on Nasdaq [3][4] - If compliance is not achieved by the deadline, Captivision may be eligible for an additional 180-day period to regain compliance by transferring to The Nasdaq Capital Market [4][5] - The company is actively monitoring its share price and market value and may consider a reverse stock split to address the bid price requirement [6] Company Overview - Captivision is a leading manufacturer and global provider of LED solutions, specializing in digital display technology and immersive media [7] - The company has developed innovative media glass technology that integrates IT materials with architectural glass, enabling dynamic content delivery on glass surfaces [7][8] - Captivision's products have been implemented in various high-profile locations, including sports stadiums, entertainment venues, and airports [8]

Core Viewpoint - Capitan Silver Corp. has reported significant high-grade silver mineralization results from its Cruz de Plata project in Durango, Mexico, indicating the emergence of a new large silver zone at the Jesus Maria trend [1][3][4]. Summary by Sections Drill Results - The Phase One drill program has successfully intersected high-grade silver mineralization, with drillhole 25-ERRC-26 reporting 1,767.4 g/t AgEq over 1.5 meters, part of a broader zone of 1,222.1 g/t AgEq over 3 meters, and a wider interval of 234.2 g/t AgEq over 25.9 meters [3][7]. - Drillhole 25-ERRC-21 also showed promising results, with 710.5 g/t AgEq over 1.5 meters and 353.2 g/t AgEq over 1.5 meters within a broader interval of 292.4 g/t AgEq over 6.1 meters [3][8]. - A total of 57 drillholes have been completed to date, confirming the continuity of mineralization across the property [6][9]. New Mineralized Zones - Follow-up drilling has confirmed the presence of a new broad zone of mineralization near drillhole 25-ERRC-12, suggesting that high-grade results are not anomalies but part of a larger target [5][6]. - The discovery of additional mineralized intrusive dykes indicates potential new structures for transporting mineralization across the property [3][6]. Future Plans - The company plans to continue drilling to further define the new mineralized zones and structures identified [6][9]. - An updated mineral resource estimate and a property-wide geophysical survey are also planned, with assay results pending for 25 drillholes [9][19]. Company Overview - Capitan Silver Corp. is focused on defining a new high-grade silver system at its Cruz de Plata project, supported by a proven management team and a tight share structure [19].

Core Viewpoint - Captivision Inc. has received an extension from the Nasdaq Hearings Panel to comply with the Nasdaq Listing Rules, specifically the Periodic Filing Rule, until December 31, 2025 [1][2]. Group 1: Compliance and Audit - Captivision must demonstrate compliance with the Periodic Filing Rule by December 31, 2025, as part of the extension granted by the Nasdaq Hearings Panel [2]. - The company appointed Marcum Asia CPAs LLP as its new independent registered public accounting firm to complete the audit of its 2024 financial statements [2]. - Captivision expects to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, within the extension period [2]. Group 2: Company Background - Captivision is a pioneering manufacturer and global provider of LED solutions, specializing in digital display technology and immersive media [4]. - The company has developed innovative media glass technology that integrates IT building materials with architectural glass, allowing for real-time content delivery on glass façades [4]. - Captivision's products have been implemented in various global locations, including sports stadiums, entertainment venues, and airports [5].

Core Insights - Capitan Silver Corp. has reported high-grade silver mineralization results from its Cruz de Plata project, with significant intersections including 1,541 g/t AgEq over 1.5 meters and 201.65 g/t AgEq over 18.3 meters at the Jesús María vein [2][10] - The drilling program has expanded the understanding of the mineralized system, revealing new zones and targets, particularly around the Peñoles Fault and Gully Fault [3][4][14] Drilling Results - Drillhole 25-ERRC-20 intersected 1,541 g/t AgEq over 1.5 meters, part of a broader interval of 201.65 g/t AgEq over 18.3 meters [2][10] - Drillhole 25-ERRC-12 previously reported 2,636 g/t Ag over 1.5 meters within a wider interval of 1,400 g/t Ag over 4.6 meters [2] - New high-grade mineralization was also found in drillhole 25-ERRC-17, which intersected 475.91 g/t AgEq over 1.5 meters within a broader zone of 117.69 g/t AgEq over 7.6 meters [2][12] Geological Insights - The Jesús María vein is believed to continue to the east and at depth, with the Peñoles Fault emerging as a new target for exploration due to enhanced mineralization observed at depth [2][14] - The Gully Fault Zone has shown three distinct zones of mineralization, with drillhole JMRC-33 intersecting 216.2 g/t AgEq over 13.5 meters [2][12] Future Plans - The company plans to continue drilling to further explore the newly identified zones and extend the discoveries down-dip and along strike [10][11] - A total of 51 drillholes have been completed to date, with assays pending for an additional 28 drillholes, indicating ongoing exploration activity [5][6] Company Overview - Capitan Silver is focused on defining a high-grade silver system at the Cruz de Plata project, located in Mexico's primary silver belt, and is led by an experienced management team [19][20]

Core Insights - Capitan Silver Corp has identified new high-priority targets and high-grade mineral showings at its Cruz de Plata silver-gold project in Durango, Mexico, following a surface exploration campaign on a newly acquired 2,171-hectare land package [2][3][4] - The mineralized system at Cruz de Plata is significantly larger than previously outlined, with cumulative silver-mineralized vein structures now exceeding 20 kilometers, up from 7 kilometers [5][6] - The company plans to expand its Phase One Drill Program by 50% to a total of 15,000 meters, which is fully funded [4][28] Exploration and Discoveries - The exploration team has conducted a reconnaissance-scale surface evaluation, leading to the discovery of at least six new mineral showings and significant extensions to known mineralized structures [12][15] - New high-priority targets include Casco Norte, Jésus María Northwest, Jésus María East, San Rafael West, La Providencia, and La Purisima, with notable assay results such as 4,291.2 g/t AgEq from Casco Norte and 2,268.1 g/t AgEq from Jésus María Northwest [16][19][20][21][22][23] - A property-wide geophysical survey has been commissioned, expected to be completed by Q1 2026, to aid in target generation and expansion [5][29] Geological Insights - Detailed mapping and sampling have revealed a spatial correlation between the Jesús María silver trend and a granodiorite intrusive body, suggesting the potential for mineralization to continue along the contact [7][11] - The geological thesis indicates that hydrothermal mineralization occurs below the granodiorite, with radial fractures acting as conduits for mineralization across the property [11][12] Drilling and Sampling - The company has completed over 8,000 meters of drilling to date, with assays pending for 38 drill holes, and new drill holes being delivered to the lab weekly [28] - The airborne geophysical survey will cover the entire project area, generating detailed magnetic and conductivity maps to identify new alteration zones and geological features [29]

Management Team Enhancements - Capitan Silver Corp. has announced several key additions to its management team and Board of Directors to strengthen its operations as it advances the Cruz de Plata high-grade silver project [1][14] - New appointments include Graham Scott as Director, Marc Idziszek as VP Exploration, Israel Tolano Chacón in Technical Services, Xochitl L. Valenzuela Verdugo for Project Evaluation, and Greg DiTomaso for Investor Relations [4][11] Individual Profiles - Graham Scott brings extensive experience in geology and mining law, having represented clients in discovering world-class deposits and negotiating mining agreements [2][5] - Marc Idziszek has over 20 years of experience in precious metals exploration and has been overseeing Capitan Silver's exploration program since 2020 [3][5] - Israel Tolano Chacón has over 30 years of experience in leading mining and industrial projects, with a strong background in project delivery on time and within budget [6][7] - Xochitl L. Valenzuela Verdugo has nearly 30 years of experience in mine planning and engineering, having held senior roles at Argonaut Gold and Goldcorp [9][10] - Greg DiTomaso has nearly 20 years of experience in investor relations, having supported numerous senior management teams in the mining sector [11][12] Stock Option Grant - On September 5, 2025, Capitan Silver granted 1,800,000 stock options to certain directors, officers, and consultants at an exercise price of $1.54, valid for five years, with vesting over 36 months [12]

Core Viewpoint - Capitan Silver Corp. has executed a definitive agreement to acquire a strategic land package adjacent to its Cruz de Plata silver project in Durango, Mexico, enhancing its land position and project potential [1][3]. Group 1: Acquisition Details - The acquisition involves seven mineral concessions totaling 2,171.4 hectares, which increases Capitan Silver's total land position in the district by approximately 85% [5]. - The transaction price is set at US$4.0 million, payable in two installments: US$2.0 million upon closing and US$2.0 million due by the second anniversary of the closing [3]. - There are no royalties or share payments associated with this transaction, and it will be submitted for final approval to the Public Registry of Mines [3]. Group 2: Project Expansion - The acquisition expands the surface expression of the silver-gold trend from 2.5 km to 3.7 km, adding an additional 1.2 km to the east [5]. - This consolidation of land allows for potential infrastructure development and optimization of the project design [5]. Group 3: Company Background - Capitan Silver Corp. is a Canadian exploration company focused on advancing its Cruz de Plata silver-gold project in Durango, Mexico, led by a management team with extensive experience in precious-metal operations in the region [8].

Core Viewpoint - Captivision Inc. is undergoing a strategic transformation to optimize capital allocation and accelerate growth in high-value LED solutions markets, including exploring options for its Korean subsidiary [1][2][3]. Strategic Portfolio Optimization - The management has identified the Korean operations as a legacy business that diverts resources from core high-growth opportunities [2]. Transformational Growth Opportunities - The transformation allows Captivision to shift from a traditional manufacturing focus to a high-growth, asset-light LED solutions provider, capitalizing on partnerships and expanding into the sports and entertainment LED market [3][4]. Asset-Light, High-Growth Strategy - The new strategy emphasizes innovation and market expansion over traditional manufacturing, enabling partnerships that leverage expertise without high capital intensity [4]. Financial and Operational Benefits - The transformation is expected to enhance capital efficiency, improve margins, reduce operational complexity, and strengthen the balance sheet [8]. Market Opportunities - The global sports LED display market is growing rapidly, driven by venue modernization and enhanced fan experiences, with Captivision's partnerships providing access to premier venues [6]. - There is increasing demand for energy-efficient, high-resolution LED solutions in various commercial applications, representing a substantial market opportunity [6]. Focus Areas - The company aims to focus management and capital resources on high-margin, technology-driven solutions, accelerate expansion in key markets, and enhance agility in responding to market opportunities [7].

Core Viewpoint - Captivision Inc. has been granted continued listing on Nasdaq, contingent upon compliance with specific conditions related to its financial reporting [1][3] Group 1: Company Compliance and Financial Reporting - Captivision is collaborating with independent auditors UHY, LLP and KPMG to restate and re-audit its financial statements, with an expectation to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, by September 30, 2025 [2] - The Nasdaq Hearings Panel requires Captivision to provide a status update on audit testing procedures by August 29, 2025, and to demonstrate full compliance with the Periodic Filing Rule by October 15, 2025 [3] Group 2: Company Overview and Innovations - Captivision is a leading manufacturer and global provider of LED solutions, known for its innovative digital display technology and immersive media [4] - The company has developed advanced media glass technology that integrates IT materials with architectural glass, allowing for real-time content delivery on glass surfaces [4] - Captivision's products have been implemented in various global locations, including sports stadiums, entertainment venues, and airports [4]