Captivision (CAPT) said Friday it received a determination letter from Nasdaq stating it failed to regain compliance with listing requirements by the June 2 deadline.
The company had been under notice since December 2024 for not meeting the $50 million minimum market value of listed securities, a threshold required for continued listing on the Nasdaq Global Market.
Nasdaq also notified Captivision on May 22 that it was non-compliant with another listing rule due to its failure to file its annual Form 20-F for the period ended Dec. 31, 2024.
Captivision said it plans to request a hearing before a Nasdaq panel, which would temporarily stay any suspension or delisting action.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.