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UPDATE – Captivision, Inc. Announces Extension Granted by Nasdaq to Regain Compliance with Periodic Filing Requirement
Globenewswire· 2025-07-31 12:00
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]