Captivision receives noncompliance notification from Nasdaq

Captivision (CAPT) announced that it had received a written notice from Nasdaq stating that the company was not in compliance with the requirement to maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5450, because the closing bid price of the company’s ordinary shares, par value $0.0001, was below $1.00 per share for 30 consecutive business days. Additionally, the company received a written notice from Nasdaq indicating that, from September 25 to November 5, the company was not in compliance with the minimum Market Value of Listed Securities requirement of $50M for continued listing on Nasdaq. The notices are only notifications of deficiency, not of imminent delisting, and have no current effect on the listing or trading of the Company’s securities on The Nasdaq Global Market.