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Captivision Accelerates Strategic Transformation Featuring Asset-Light Focus
GlobeNewswire News Room· 2025-08-07 21:30
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].
Captivision, Inc. Announces Extension Granted by Nasdaq to Regain Compliance with Periodic Filing Requirement
Globenewswire· 2025-07-29 12:00
Core Insights - Captivision Inc. has received approval from the Nasdaq Hearings Panel for continued listing on Nasdaq, contingent upon compliance with the Periodic Filing Rule [1][2] - The company is actively working with KPMG to restate and re-audit its financial statements, with an expected filing of its Annual Report on Form 20-F by September 30, 2025 [1][2] - Captivision must provide a status update on audit testing procedures by August 29, 2025, and demonstrate full compliance by October 15, 2025 [2] Company Overview - Captivision is a leading manufacturer and global provider of LED solutions, specializing in digital display technology and immersive media [3] - The company has developed innovative media glass technology that integrates IT materials with architectural glass, allowing for real-time content delivery on glass surfaces [3] - Captivision's products have been implemented in various venues globally, including sports stadiums, entertainment venues, and airports [3]
Captivision, Inc. Announces Compliance with Nasdaq’s Market Value of Listed Securities and Minimum Bid Price Requirements
Globenewswire· 2025-07-15 12:00
Core Points - Captivision Inc. has regained compliance with Nasdaq's Market Value of Listed Securities and Minimum Bid Price requirements as of July 11, 2025 [1] - The company is addressing its non-compliance related to the delayed filing of its Form 20-F for the period ended December 31, 2024, and will present its compliance plan at a hearing on July 22, 2025 [2] - There is no assurance that the Nasdaq Hearing Panel will grant an extension for compliance [3] Company Overview - Captivision is a pioneering manufacturer and global LED solution provider, 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, enabling real-time content delivery on glass façades [4] - Captivision's solutions have been implemented in various global locations, including sports stadiums, entertainment venues, and airports [4]
Captivision and digiLED Complete Phase One of Landmark LED Installations at Canary Wharf
Globenewswire· 2025-06-27 12:00
Core Insights - Captivision Inc. has successfully completed the first phase of a multi-phase LED signage installation project in partnership with digiLED and Canary Wharf Group, marking a significant milestone in transforming Canary Wharf into a digitally advanced commercial district [1][2][4] - The project includes high-impact LED solutions installed at iconic locations such as Adams Plaza and Reuters Plaza, enhancing the visual communication capabilities of the area [2][4] - Captivision is recognized as a leading innovator in digital display technology and immersive media, with a focus on media glass technology that integrates IT building materials with architectural glass [4][5] Company Overview - Captivision is a pioneering manufacturer and global provider of LED solutions, specializing in digital display technology and immersive media [4] - The company has developed breakthrough media glass technology that allows for real-time streaming and content delivery on glass façades, transforming ordinary surfaces into dynamic storytelling platforms [4] - Captivision's products have been implemented in various locations globally, including sports stadiums, entertainment venues, casinos, hotels, convention centers, office and retail properties, and airports [5] Project Details - The first phase of the project is seen as a foundational step for Captivision to expand its global market presence with world-class partners [4] - The installations include large-format outdoor digital billboards, interactive kiosks, and architectural LED signage integrated into public spaces [6]
Captivision, Inc. Announces Receipt of Staff Determination Letter from Nasdaq
Globenewswire· 2025-06-06 20:30
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]
Captivision Receives Notification from Nasdaq Related to Delayed Annual Report on Form 20-F
GlobeNewswire News Room· 2025-05-23 20:30
Core Viewpoint - Captivision Inc. is currently facing compliance issues with Nasdaq due to the failure to file its Annual Report on Form 20-F for the year ended December 31, 2024, which may affect its listing status if not resolved [1][2][3] Group 1: Compliance Issues - The Company received a notification from Nasdaq stating it is not in compliance with Listing Rule 5250(c)(1) due to the unfiled Form 20-F [1] - Captivision has 60 calendar days, until July 21, 2025, to submit a plan to regain compliance, with a potential extension of up to 180 days if accepted [2] - The Company is actively working to finalize and file the Form 20-F within the prescribed timeline but cannot guarantee compliance within the cure period [3] Group 2: 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 [4] - The Company's media glass solutions have been implemented in numerous global locations such as sports stadiums, casinos, and airports [5]
Captivision Unveils New Corporate Branding, Paving the Way for a Transformative Era of Growth
Newsfilter· 2025-03-28 12:00
Core Insights - Captivision Inc. has launched a new corporate branding and website to reflect its innovative spirit and technological advancements [1][3] - The new website showcases the company's diverse portfolio and extensive range of services, including LED solutions and collaborations with top-tier clients [2][3] Company Overview - Captivision is a manufacturer of media glass that integrates IT building materials with architectural glass, applicable in various sectors such as entertainment, information media, and marketing [3] - The company's media glass can transform glass façades into transparent media screens with real-time streaming capabilities [3] Market Presence - Captivision's solutions have been implemented in numerous global locations, including sports stadiums, entertainment venues, casinos, hotels, convention centers, office and retail properties, and airports [4]
Captivision Appoints Ric Clark to Board of Directors
Newsfilter· 2025-03-18 12:00
Core Insights - Captivision Inc. has appointed Richard "Ric" Clark to its Board of Directors, effective immediately, where he will serve as Chair of the Compensation Committee and join the Nominating and Corporate Governance Committee [1][3] Group 1: Leadership and Experience - Ric Clark brings nearly four decades of experience in real estate, M&A, and capital markets, having founded Burnside Investments and co-founded WatermanClark [2] - Clark previously held leadership roles at Brookfield Corp., where he grew the real estate group's assets under management from $5 billion to over $200 billion [2] Group 2: 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 [4] - The company's media glass solutions have been implemented in numerous global locations, including sports stadiums, casinos, and airports [5]