CAPT Stock Sinks To Record Lows – What Does Nasdaq’s Delisting Notice Imply?

• Captivision had to file its audited 2024 financial results by March 31, 2026, and first-half 2025 results by April 17, 2026.
• The shares are expected to trade on the OTC Pink market before moving to the Expert Market from April 9.
• The company said it plans to move forward with the acquisition of Montana Tunnels Mining.

Shares of Captivision Inc. (CAPT) plunged 85% to a record low on Wednesday, after the company disclosed it had received a delisting notice from the Nasdaq Hearings Panel for missing a key deadline related to its financial filings.

Following the delisting, CAPT shares are expected to begin trading on the OTC Pink market before moving to the Expert Market under the symbol “CAPTF” starting April 9, 2026. The shift may result in lower liquidity, the company said.

Nasdaq’s Delisting Notice Follows Multiple Extensions

According to the notice, the company had been granted time to complete its 2024 audit and file its Form 20-F to regain compliance, but had failed to do so.

The company received a non-compliance notice on May 22, 2025, for failing to file its Form 20-F for the period ended Dec. 31, 2024. Nasdaq had granted the company until Dec. 31, 2025, to file the form. However, Nasdaq eventually extended the period, allowing Captivision to file its audited 2024 financial results by March 31, 2026, and first-half 2025 results by April 17, 2026.

The company said it plans to finalize its 2024 audited financial statements and submit its Form 20-F to the SEC to address the filing delay, but did not mention a date.

Separately, Captivision received notices from Nasdaq in November 2025 for failing to meet listing requirements because its stock traded below the $1 minimum bid price for 30 consecutive days, and its market value also fell below the required $50 million level. The company was given until May 5, 2026, to regain compliance.

Despite the delisting notice, Captivision said it plans to move forward with the acquisition of Montana Tunnels Mining. The company had signed a letter of intent for the acquisition last December and recently said that it had completed substantial due diligence on the deal.

How Did Retail Traders React?

Retail sentiment on Stocktwits changed to ‘bearish’ from ‘neutral’ a day earlier.

One user said they are “sure there will be a bounce.”

Year-to-date, the stock has declined by around 87%.

Read also: Why Did OMEX Stock Surge 150% In Pre-Market Today?

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