Captivision announces extension granted by Nasdaq to regain compliance

Captivision (CAPT) has been informed that the Nasdaq Hearings Panel has granted the Company’s request for continued listing on The Nasdaq Stock Market, subject to certain conditions related to the Company’s ongoing efforts to regain compliance with Nasdaq Listing Rule 5250(c)(1). The Company is working diligently with its independent auditor, UHY, and KPMG Samjong Accounting Corp., which provides accounting services to Captivision, to complete the restatement and re-audit of its financial statements. Captivision expects to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, on or before September 30, 2025. Pursuant to the Panel’s decision, Captivision must provide a status update to the Panel regarding audit testing procedures by August 29, 2025, and demonstrate full compliance with the Periodic Filing Rule by October 15, 2025. The Company previously successfully addressed other Nasdaq listing requirements, as disclosed on July 15, 2025. However, there can be no assurance that the Company will be able to regain compliance by the end of the extension period.