Captivision Inc. (NASDAQ: CAPT) Secures Deadline Extension for Nasdaq Compliance and Announces Strategic Acquisition
MIAMI, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Captivision Inc. (NASDAQ: CAPT) has announced that the Nasdaq Hearings Panel has approved the company's request for a deadline extension to achieve compliance with Nasdaq Listing Rules. This extension is contingent upon Captivision's ongoing efforts to meet Nasdaq Listing Rule 5250(c)(1), better known as the Periodic Filing Rule.
Deadline for Compliance
According to the Panel's ruling, Captivision must prove compliance with the Periodic Filing Rule by March 31, 2026, concerning its audited financial results for the fiscal year ending 2024. Additionally, the company is required to provide the first half of its 2025 financial results by April 17, 2026.
On January 2, 2026, Captivision received a notification from the Nasdaq Listing Qualifications Department stating that it is not compliant with Nasdaq Listing Rule 5250(c)(2) for failing to file the Form 6-K, which includes interim financial statements as of June 30, 2025. However, the previously granted extension until April 17, 2026, mitigates any immediate impact on the company's Nasdaq listing or trading activities.
Strategic Acquisition: Montana Gold Inc.
In a separate but significant move, Captivision has entered into a letter of intent to acquire Montana Tunnels Mining Inc., a subsidiary of Montana Goldfields. This acquisition positions Captivision to transition into a diversified gold mining and related services company, which will operate under the new name Montana Gold Inc. following the acquisition's completion.
Once finalized, the company will trade on Nasdaq under the new ticker symbol “MGI.” This move aims to capitalize on the increasing demand for responsibly sourced mining resources and to enhance domestic supply chain security.
- Transition to Montana Gold Inc.: New trading symbol “MGI.”
- Focus on Gold Mining: Significant proven reserves in precious metals and potential rare earth elements.
- Operational Strategy: Enhanced capital access, seasoned management, and robust infrastructure.
Cautionary Note on Forward-Looking Statements
This press release includes forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements encompass expectations regarding future financial performance, business strategies, and potential developments, including the acquisition of Montana Tunnels Mining, Inc.
While Captivision believes its strategies are feasible, it cautions that actual results may differ due to various uncertainties, including but not limited to:
- Successfully negotiating and finalizing the acquisition of Montana Tunnels Mining, Inc.
- Executing development plans post-acquisition.
- Ability to raise necessary capital for operational needs.
- Managing geological and operational challenges in mining activities.