Captivision receives staff determination letter from Nasdaq
Captivision (CAPT) announced that on June 4, 2025, it received a staff determination letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the company that it had not regained compliance with the Market Value of Listed Securities Requirement by June 2, 2025. The Determination Letter has no immediate effect and will not immediately result in the suspension of trading or delisting of the company's securities. Additionally, on May 22, 2025, Staff notified the company that since it had not yet filed its Form 20-F for the period ended December 31, 2024, it no longer complied with Nasdaq Listing Rule 5250(c)(1). However, pursuant to Listing Rule 5810(c)(2), this deficiency serves as a separate and additional basis for delisting, and the company should also address this concern before a Hearings Panel if it appeals Staff's determination.
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The Johnstown Flood Tax, originally intended to help rebuild the city of Johnstown after a 1936 flood that devastated the town. The tax—an 18% tax on liquor sold in Pennsylvania—is still in place today. The money goes to the Commonwealth's General Fund. — If you have tax and accounting career or industry news, submit it for consideration here or email me directly. Here's what readers clicked through most often in the newsletter last week: You can find the entire newsletter here. The answer is (A). The government seized Springer's property and sold it at auction. Springer's property was sold at auction. getty In January 1867, after Springer refused to pay the $5,279.78 owed (including tax and penalty), the tax collector levied property in Springfield, Illinois, that Springer owned. The property was advertised and sold at public auction on March 15, 1867. The matter eventually landed in the U.S. Supreme Court (Springer v. U.S.), with Springer claiming that the tax was a direct tax and therefore unconstitutional, and that the seizure and sale of his property deprived him of his property without due process of law. The Supreme Court rejected both arguments and affirmed the federal government's power to levy and collect income taxes, including through the seizure and sale of property. How did we do? We'd love your feedback. If you have a suggestion for making the newsletter better, submit it here or email me directly.
