Captivision Inc. Faces Nasdaq Delisting Warning
Ticker: CAPTW · Form: 6-K · Filed: Jan 23, 2025 · CIK: 1967478
Sentiment: bearish
Topics: listing-standards, delisting-risk, sec-filing
TL;DR
Nasdaq sent Captivision a warning letter; they have until July 22, 2025, to fix it or get booted.
AI Summary
On January 22, 2025, Captivision Inc. received a written notice from Nasdaq regarding non-compliance with listing standards. The company is required to regain compliance by July 22, 2025, or face delisting. Captivision Inc. was formerly known as Phygital Immersive Ltd.
Why It Matters
This notice indicates potential delisting from Nasdaq, which could significantly impact the company's stock liquidity and investor confidence.
Risk Assessment
Risk Level: high — The company has received a notice of non-compliance with Nasdaq listing standards, putting it at risk of delisting.
Key Numbers
- 001-41869 — SEC File Number (Identifies the company's filing with the SEC.)
Key Players & Entities
- Captivision Inc. (company) — Registrant
- Nasdaq (company) — Exchange issuing notice
- January 22, 2025 (date) — Date of notice
- July 22, 2025 (date) — Deadline for compliance
- Phygital Immersive Ltd (company) — Former company name
FAQ
What specific Nasdaq listing standards did Captivision Inc. fail to meet?
The filing does not specify the exact listing standards that Captivision Inc. failed to meet, only that a notice of non-compliance was received.
What is the deadline for Captivision Inc. to regain compliance with Nasdaq listing standards?
Captivision Inc. must regain compliance by July 22, 2025.
What is the consequence if Captivision Inc. fails to regain compliance?
If Captivision Inc. fails to regain compliance by the deadline, it may face delisting from the Nasdaq stock exchange.
When did Captivision Inc. receive the notice of non-compliance?
Captivision Inc. received the notice on January 22, 2025.
What was Captivision Inc.'s former name?
Captivision Inc. was formerly known as Phygital Immersive Ltd.
Filing Stats: 1,465 words · 6 min read · ~5 pages · Grade level 19.4 · Accepted 2025-01-23 16:05:03
Key Financial Figures
- $1.00 — maintain a minimum closing bid price of $1.00 per share, as set forth in Nasdaq Listi
- $0.0001 — pany’s ordinary shares, par value $0.0001 (the “Ordinary Shares”), wa
- $50 m — um Market Value of Listed Securities of $50 million, as set forth in Nasdaq Listing R
Filing Documents
- ea022854901-6k_captivision.htm (6-K) — 22KB
- 0001213900-25-005961.txt ( ) — 23KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Captivision Inc. By: /s/ Gary R. Garrabrant Name: Gary R. Garrabrant Title: Chief Executive Officer Date: January 23, 2025 3