- Captivision (CAPT, Financial) notified by Nasdaq for delayed Form 20-F filing for the period ended December 31, 2024.
- The company has until July 21, 2025, to present a compliance plan; potential extension until November 11, 2025.
- Ongoing Nasdaq compliance issues heighten risk of future delisting.
Captivision Inc. (CAPT), a leader in LED solutions and media glass manufacturing, has been notified by Nasdaq regarding non-compliance due to a delayed filing of its Annual Report on Form 20-F for the fiscal year ending December 31, 2024. This marks another challenge for Captivision, which is already grappling with several compliance issues concerning the market value of publicly held shares, the minimum bid price, and the market value of listed securities.
The company has a window of 60 calendar days, ending July 21, 2025, to submit a viable compliance plan. If Nasdaq accepts this plan, Captivision may be granted a filing extension until November 11, 2025. However, acceptance of the compliance plan and the ability to meet the requirements within the extended period remain uncertain.
While Captivision's management is focused on resolving these issues swiftly, they acknowledge that there is no guarantee of meeting the deadlines. This situation could potentially lead to the delisting of Captivision's shares from the Nasdaq, which may require trading in less liquid markets, potentially reducing share valuation and accessibility to capital.
Investors are advised to monitor developments closely as Captivision works to meet the essential compliance requirements set by Nasdaq, crucial for maintaining its listing status and investor confidence.
