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MIAMI - Captivision Inc. (NASDAQ:CAPT), a $43.7 million market cap manufacturer and LED solution provider, announced Thursday that the Nasdaq Hearings Panel has granted the company’s request for continued listing on the exchange, subject to specific compliance conditions. The stock has shown significant volatility, gaining over 91% year-to-date according to InvestingPro data.
The panel’s decision requires Captivision to address its non-compliance with Nasdaq’s Periodic Filing Rule. According to the company, it must provide a status update regarding audit testing procedures by August 29, 2025, and demonstrate full compliance by October 15, 2025. InvestingPro analysis indicates the company’s overall financial health score is currently weak at 0.95, highlighting the importance of these compliance measures.
Captivision stated it is working with its independent auditor, UHY, LLP, and accounting services provider KPMG Samjong Accounting Corp. to complete the restatement and re-audit of its financial statements. The company expects to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, by September 30, 2025.
The company previously addressed other Nasdaq listing requirements on July 15, 2025, but noted there is no guarantee it will regain full compliance by the end of the extension period.
Captivision describes itself as a manufacturer of digital display technology and media glass products that have been implemented in various locations including sports stadiums, entertainment venues, and retail properties.
The information in this article is based on a company press release statement.
In other recent news, Captivision Inc. is facing significant challenges regarding its listing on The Nasdaq Stock Market. The company has failed to meet Nasdaq’s Market Value of Listed Securities requirement and has not filed its annual report on time, which could potentially lead to delisting. Captivision received a staff determination letter from Nasdaq, following an initial deficiency notice due to its market value falling below the $50 million threshold for 30 consecutive business days. This situation has been compounded by a notice from Nasdaq’s Listing Qualifications Department about the delayed annual report, which was due to the Securities and Exchange Commission. Although this notice does not immediately affect Captivision’s listing or trading, it adds to previous compliance issues. These developments highlight ongoing challenges for Captivision in maintaining its Nasdaq listing.
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