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Captivision Inc. Converts Subsidiary Debt to Equity
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Captivision Inc. Converts Subsidiary Debt to Equity

Captivision Inc (CAPT) has released an update.

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Captivision Inc. has entered into a contribution agreement to convert outstanding debt from its Korean subsidiary into shares. The debt will be contributed to the company in exchange for newly issued shares, effectively cancelling the debt and expanding the contributor’s equity in the company. This strategic move is expected to strengthen Captivision Inc.’s financial position and streamline its capital structure.

For further insights into CAPT stock, check out TipRanks’ Stock Analysis page.

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