CAPT

Strategic Transformation Announcement: Captivision Inc. is undergoing a strategic transformation to optimize capital allocation and focus on high-growth LED solutions, including exploring options for its Korean subsidiary, which is seen as a legacy operation that diverts resources from core opportunities.

Focus on High-Growth Markets: The company aims to enhance its position in the rapidly growing sports and entertainment LED market and commercial applications by adopting an asset-light model that prioritizes innovation and customer solutions, while also improving operational efficiency and financial performance.

Captivision's Project Completion: Captivision Inc. has successfully completed the first phase of a multi-phase LED signage installation project at Canary Wharf, marking a significant step in transforming the area into a digitally advanced commercial district with installations including large-format billboards and interactive kiosks.

Company Overview and Future Outlook: Captivision is recognized as an innovator in digital display technology and media architecture, with plans for international expansion and a focus on maintaining competitive advantages despite potential risks and uncertainties in the market.

Nasdaq Compliance Issues: Captivision Inc. received a determination letter from Nasdaq indicating it has not regained compliance with the Market Value of Listed Securities requirement, which mandates a minimum market value of $50 million for continued listing. The company plans to appeal this decision and request a hearing.

Filing Delays Impacting Status: Captivision is also facing non-compliance due to delays in filing its Form 20-F, which could further affect its listing status on Nasdaq. The determination letter does not lead to immediate trading suspension or delisting but requires the company to address these issues promptly.