Captivision Inc. (NASDAQ: CAPT) received notice from the Nasdaq Hearings Panel that its ordinary shares will be delisted from The Nasdaq Global Market due to failure to meet filing requirements by a December 31, 2025 deadline.

The company was required to complete an audit of its 2024 financial statements and file its Form 20-F Annual Report with the Securities and Exchange Commission to regain compliance with Nasdaq's periodic filing rule. The Panel determined Captivision failed to meet this deadline.

Starting April 9, 2026, Captivision shares will trade on the OTC Pink Limited tier before moving to the Expert Market under the symbol "CAPTF." The company stated that investors may experience reduced liquidity, less transparency and greater price volatility while shares trade on the OTC Expert Market.

Captivision said it intends to complete its audited financial statements for 2024 and file its Form 20-F to cure the filing delinquency. The company also plans to complete a business combination with Montana Tunnels Mining Inc. to create Montana Gold Inc., which it describes as a diversified gold mining growth company.

The company has begun updating its governance and management structure to include mining industry expertise and experience. Captivision also intends to discontinue its legacy architectural media glass and LED businesses upon completion of the acquisition.

The information is based on a company press release statement issued April 8, 2026.