Captivision Announces Additional Extensions Granted by Nasdaq and Receipt of Additional Determination Letter; Extension Enables Audit Completion to Regain Compliance and Strategic Acquisition to create Montana Gold Inc. (Nasdaq: MGI)

Core Viewpoint - Captivision Inc. has received an extension from the Nasdaq Hearings Panel to regain compliance with Nasdaq Listing Rules, specifically regarding the filing of audited financial results for the fiscal year 2024 and interim financial statements for the first half of 2025 [1][2] Compliance and Regulatory Updates - The Nasdaq Hearings Panel has granted Captivision an extension to demonstrate compliance with the Periodic Filing Rule by March 31, 2026, for the 2024 fiscal year audited financial results, and by April 17, 2026, for the first half of 2025 financial results [1] - Captivision received a letter from Nasdaq on January 2, 2025, indicating non-compliance with Nasdaq Listing Rule 5250(c)(2) due to the failure to file Form 6-K with interim financial statements for the period ended June 30, 2025 [2] Strategic Acquisition - Captivision has entered into a letter of intent to acquire Montana Goldfields subsidiary Montana Tunnels Mining Inc., which will transform the company into a diversified gold mining and related services entity, to be renamed Montana Gold Inc. [3] - The acquisition aims to position Captivision as a Nasdaq-listed company with significant proven reserves in precious metals and potential rare earth elements, enhancing its infrastructure, management, and access to capital [3] Market Position and Future Outlook - The planned acquisition is expected to capitalize on the growing demand for responsibly sourced mining assets and the focus on domestic supply chain security [3]