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MIAMI - Captivision Inc. (NASDAQ:CAPT), a leading manufacturer of LED solutions trading at $0.45 per share, announced on Thursday that it has received a notice from Nasdaq’s Listing Qualifications Department for not filing its annual report on time. The stock has lost over 90% of its value in the past year, according to InvestingPro data. The document, which details the company’s financial performance for the year ending December 31, 2024, was due to the Securities and Exchange Commission (SEC) but has not yet been submitted.
The notification, dated May 22, 2025, does not immediately affect Captivision’s listing or trading on the Nasdaq Stock Market. However, it adds to previous warnings about the company’s non-compliance with other listing standards, including market value and minimum bid price requirements. With a market capitalization of just $13.76 million and a weak financial health score of 0.25 out of 1.0 on InvestingPro, the company faces significant challenges.
Captivision has 60 days, until July 21, 2025, to present a plan to regain compliance. Nasdaq may then allow up to 180 days from the original due date of the annual report, until November 11, 2025, for the company to comply. There is no guarantee that Nasdaq will accept Captivision’s compliance plan or that the company will meet the necessary criteria within any granted extension.
Should Nasdaq reject the plan, Captivision can appeal to a Hearing Panel. Failure to achieve compliance within the prescribed timeframe could lead to delisting from the Nasdaq Stock Market. Captivision is working to finalize and file the annual report as swiftly as possible within Nasdaq’s deadlines.
This announcement is in line with Nasdaq Listing Rule 5810(b), which mandates prompt disclosure of any deficiency notifications.
Captivision specializes in media glass, a product that integrates IT and architectural glass, allowing transformation of glass facades into transparent media screens with live streaming capabilities. The company’s solutions are used worldwide in various venues, including sports stadiums, entertainment centers, and airports. Financial metrics reveal concerning trends, with a current ratio of 0.25 and significant cash burn rate. InvestingPro subscribers have access to 14 additional key insights about Captivision’s financial health and market position.
The information in this article is based on a press release statement from Captivision Inc.
In other recent news, Captivision Inc. has made notable additions to its Board of Directors. Richard "Ric" Clark has been appointed to the board and will chair the company’s Compensation Committee while also joining the Nominating and Corporate Governance Committee. Clark brings nearly 40 years of experience in real estate, mergers and acquisitions, and capital markets. His past roles include significant positions at Brookfield Corp., where he contributed to growing the company’s real estate assets substantially. Additionally, Captivision announced the appointment of John Jureller to the board, who will chair the Audit Committee. Jureller’s background includes financial leadership roles at multinational corporations like PepsiCo and Frontier Communications. These appointments reflect Captivision’s strategic efforts to enhance its leadership team. Both appointments are based on press release statements from the company, which also include forward-looking statements about their future performance and strategies.
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