Captivision Inc (CAPT) News & EventsCAPTNews & EventsCaptivision Inc

Captivision to be Delisted by Nasdaq

Captivision announced it received a notice from the Nasdaq Hearings Panel that the Panel has determined to delist the ordinary shares of Captivision from The Nasdaq Global Market due to the company's failure to meet the deadline imposed in the panel's December 31, 2025 decision. The company had been granted an extension period by the end of which the company was to complete the audit of its financial statements for the year ending 2024 and file the related Form 20-F annual report with the Securities and Exchange Commission to regain compliance with Nasdaq's periodic filing rule. The company will remain publicly traded with its ordinary shares expected to trade initially on the OTC Pink Limited tier and then go into the Expert Market under the trading symbol "CAPTF," commencing on April 9.

Captivision Confirms Montana Tunnels Mining Precious Metals Resources

Captivision announced positive results from a comprehensive independent assessment produced by Colorado-based Hard Rock Consulting, reaffirming the gold and precious metals resources of Montana Tunnels Mining and the Montana Tunnels Mine, a wholly owned subsidiary and asset of Montana Goldfields. "The HRC report confirms the foundational quality of this asset - substantial reserves of gold, silver, and other precious metals with significant embedded growth potential including mining life," said Gary Garrabrant, Chairman and CEO of Captivision. "This positions Montana Gold Inc. as an early-stage diversified mining growth company with a clear and actionable operation plan. We are excited about the planned restarting of mining operations this year."

Captivision Granted Nasdaq Compliance Extension to April 17, 2026

Captivision has been informed that the Nasdaq Hearings Panel has granted the Company's request to extend the deadline for regaining compliance with the Nasdaq Listing Rules, subject to certain conditions related to the Company's ongoing efforts to regain compliance with Nasdaq Listing Rule 5250(c)(1). Pursuant to the Panel's decision, the Company must demonstrate compliance with the Periodic Filing Rule on or before March 31, with respect to 2024 fiscal year audited financial results, and April 17, 2026, with respect to reporting first half 2025 financial results. The Company today also announced that it received a letter on January 2, from the Listing Qualifications Department of The Nasdaq Stock Market stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(2) because it has not yet filed with the Securities and Exchange Commission its Form 6-K with interim financial statements for the period ended June 30, for which the Panel already granted an extension to April 17, 2026, as discussed above. Nasdaq's letter provided formal notice of the deficiency and this announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. Given the receipt of the extension, the latest notice has no current effect on the listing or trading of the Company's securities on the Nasdaq Stock Market. The Company previously addressed other Nasdaq listing requirements and has entered into a letter of intent to acquire Montana Goldfields subsidiary Montana Tunnels Mining Inc. as previously announced. The planned transformative acquisition will reposition Captivision as a diversified gold mining and related services company, renamed Montana Gold Inc. and will begin trading on Nasdaq under the ticker symbol "MGI" upon completion of the acquisition. MGI will be a Nasdaq-listed, diversified gold mining company with significant proven reserves across precious metals and potential rare earths elements. In addition to the U.S. headquarters, assets and operations, the Company will be differentiated by established infrastructure and production, seasoned management and public company governance, and access to capital. The Company will seek to capitalize on growing demand for responsibly sourced mining assets and heightened focus on domestic supply chain security.