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Captivision Announces Additional Extensions Granted by Nasdaq and Receipt of Additional Determination Letter; Extension Enables Audit Completion to Regain Compliance and Strategic Acquisition to create Montana Gold Inc. (Nasdaq: MGI)

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Captivision Announces Additional Extensions Granted by Nasdaq and Receipt of Additional Determination Letter; Extension Enables Audit Completion to Regain Compliance and Strategic Acquisition to create Montana Gold Inc. (Nasdaq: MGI)

Captivision Inc. (Nasdaq: CAPT) announced that the Nasdaq Hearings Panel granted an extension to regain compliance with Nasdaq Listing Rules, with deadlines set for March 31, 2026 (2024 audited financials) and April 17, 2026 (first half 2025 results). The company also received a deficiency notice for non-filing of Form 6-K interim financial statements. Despite these compliance challenges, Captivision is proceeding with its planned transformative acquisition of Montana Tunnels Mining Inc., which will reposition the company as a gold mining company to be renamed Montana Gold Inc. (Nasdaq: MGI).

Insights
CAPT   negative

The company is facing Nasdaq compliance issues, including failure to file required periodic financial reports and receiving deficiency notices. While the extension provides temporary relief, the repeated compliance failures and need for extensions indicate operational and governance challenges. The planned acquisition is positioned as transformative but remains contingent on successful completion.