Captivision, Inc. Announces Receipt of Staff Determination Letter from Nasdaq

Core Viewpoint - Captivision Inc. has received a determination letter from Nasdaq indicating it has not regained compliance with the Market Value of Listed Securities requirement, which could lead to potential delisting if not addressed [1][2][3] Group 1: Compliance Issues - The company was notified on December 3, 2024, that its market value was below the required minimum of $50 million for continued listing on Nasdaq [2] - Captivision was given until June 2, 2025, to regain compliance with the MVLS requirement [2] - Additionally, the company failed to file its Form 20-F for the period ended December 31, 2024, which is a separate compliance issue [3] Group 2: Response Actions - Captivision intends to request a hearing before a Nasdaq Panel to address the compliance issues, which will temporarily stay any trading suspension or delisting for 15 days [4] - The company will seek to extend this stay through the hearing and any additional extension period granted by the Panel [4] Group 3: Company Overview - Captivision is a manufacturer of media glass that integrates IT building materials with architectural glass, applicable in various sectors including entertainment and marketing [5] - The company's media glass solutions have been implemented in numerous global locations such as sports stadiums, casinos, and airports [6]