Captivision to Move to OTC Market Following Nasdaq Delisting Notice

Captivision Inc. has received a formal notice from the Nasdaq Hearings Panel regarding the delisting of its ordinary shares from the Global Market. The decision follows the company's failure to regain compliance with periodic filing requirements, specifically the submission of its 2024 Form 20-F. Despite being granted an extension, the firm was unable to complete its financial audit within the timeframe mandated by the SEC. As a result, the company's shares will transition to trading on the Over-the-Counter (OTC) market. This move is expected to significantly reduce liquidity and investor visibility compared to its previous listing on a major exchange. The transition highlights the ongoing regulatory hurdles Captivision faces in maintaining its financial reporting standards.