Captivision (CAPT) Stock Falls Over 50% After Hours: What’s Driving The Move?

Captivision (NASDAQ:CAPT) moved sharply lower on Wednesday following a regulatory update tied to its Nasdaq listing status.

CAPT closed the regular session down 84.33% at $0.062 and declined a further 51.38% in after-hours trading to $0.030.

Company Overview

Captivision Inc develops architectural media glass solutions, including its G-Glass technology used for digital displays on building facades.

Delisting Notice

The company announced Wednesday that it received a determination from the Nasdaq Hearings Panel to delist its ordinary shares from the Nasdaq Global Market.

The decision follows Captivision’s failure to meet a previously granted deadline to complete its 2024 financial audit and file its Form 20-F …

Full story available on Benzinga.com