Captivision Faces Nasdaq Compliance Deadline
MIAMI, Nov. 12, 2025 – Captivision Inc. (“Captivision” or the “Company”) (NASDAQ: CAPT), known for its innovative manufacturing in LED solutions, is facing a significant compliance challenge. Recently, Captivision received a notification from Nasdaq’s Listing Qualifications department, alerting them that the company's stock price had dipped below the required $1.00 per share for 30 consecutive business days.
Understanding the Nasdaq Notification
The notification, termed the “Bid Price Notice,” indicates that Captivision must meet the minimum closing bid price requirement as specified in Nasdaq Listing Rule 5450(a)(1). In addition to the bid price deficiency, the Company also received the “MVLS Notice.” This notice highlights non-compliance with the Market Value of Listed Securities (MVLS) requirement of $50 million, as outlined in Nasdaq Listing Rule 5450(b)(2)(A).
The Impact of these Notices
It’s essential to understand that these notices do not indicate an immediate risk of delisting from Nasdaq, but they serve as a warning. As the Company had previously disclosed, they were granted an extension until December 31, 2025 to regain compliance with Nasdaq Listing Rule 5250(c)(1), requiring the timely filing of their Form 20-F.
Compliance Timeline and Options
According to Nasdaq Listing Rules, Captivision has a 180-calendar day window from the receipt of these notices to rectify the deficiencies—this period ends on May 5, 2026. During this timeframe, Captivision’s Ordinary Shares will continue to trade on The Nasdaq Global Market. Should the share price rise to $1.00 or the MVLS reach at least $50 million for a minimum of ten consecutive business days, Captivision will receive confirmation of compliance.
What Happens If Compliance is Not Met?
In cases where compliance is not restored by the Compliance Date, Captivision may qualify for an additional 180-day period to remedy the situation. To do so, the Company would need to transfer its listing to The Nasdaq Capital Market and meet all continued listing requirements, aside from the bid price requirement.
Strategic Plans Moving Forward
If Captivision does not manage to regain compliance by the stipulated date, they would then receive notification of impending delisting. This notification opens the door for the Company to appeal the decision to a Nasdaq Hearings Panel. There is also an option to apply for a transfer to The Nasdaq Capital Market, assuming they fulfill the necessary conditions.
Active Monitoring and Potential Actions
The management team at Captivision is committed to monitoring the closing bid price and MVLS closely. They are also exploring various strategies to ensure compliance, including potential reverse stock splits if necessary. Despite these proactive measures, there is no certainty that the Company will successfully regain adherence to Nasdaq's standards.
About Captivision
Captivision stands at the forefront of the LED solutions market as a premier manufacturer and innovator in digital display technology. The Company is renowned for transforming traditional glass into advanced media architecture. Their revolutionary media glass technology allows for real-time content delivery, thus turning standard facades into vibrant digital storytelling canvases. This innovation is what distinguishes Captivision in a competitive landscape.
Global Reach and Implementation
Captivision's solutions have been embraced worldwide, featuring implementations across diverse venues such as sports stadiums, entertainment hubs, casinos, hotels, convention centers, offices, retail spaces, and airports. Their capacity to adapt and innovate has enabled them to develop a wide array of LED products that cater to varying client needs.
Frequently Asked Questions
What does the Nasdaq notification mean for Captivision?
The notification signifies that Captivision's stock price has fallen below compliance levels, and they need to take corrective measures within a specific timeframe.
What are Captivision's options if they fail to regain compliance?
If compliance isn't achieved, Captivision may be eligible for an extended compliance period or may appeal the delisting decision.
How does a reverse stock split affect compliance?
A reverse stock split can increase the price of the shares, helping meet the minimum bid price requirement for Nasdaq compliance.
What additional strategies is Captivision pursuing?
The Company is actively exploring various strategies and options to regain compliance, including possibly enhancing their marketing efforts.
Where can I learn more about Captivision’s offerings?
You can discover more about their innovative products and technology by visiting their official website.
