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0 0.0168776371308017 -0.00843881856540085 -0.00843881856540085 -0.00843881856540085 0.0168776371308017 -0.0168776371308017 -0.00421940928270033
Stock impact report

Captivision Strengthens Financial Position

Captivision Inc. (CAPT) 
Company Research Source: GlobeNewswire
Converted Approximately $4.2 Million of Outstanding Debt into Equity at a $3.00 Price per ShareRaised Approximately $2.2 Million via a Private Placement Bond Issuance by Captivision Korea MIAMI and SEOUL, July 23, 2024 (GLOBE NEWSWIRE) -- Captivision Inc. (“Captivision” or the “Company”) (NASDAQ: CAPT), a pioneer and manufacturer of architectural media glass, today announced strategic improvements to its balance sheet, resulting in a strengthening of its financial position. Debt-to-Equity ConversionThe Company entered into contribution agreements (the “Contribution Agreements”) with certain creditors (the “Contributors”) of its wholly owned subsidiary, Captivision Korea Inc. (“Captivision Korea”), pursuant to which the Contributors agreed to contribute the respective outstanding balances remaining under various debt agreements with Captivision Korea (the “Contributed Debt”) to the Company in exchange for the issuance by the Company of its ordinary shares in a debt to equit Show less Read more
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