Captivision Business Summary

Captivision Inc. (CAPT) operates primarily as a developer and manufacturer of G-Glass, a proprietary architectural media glass that integrates IT-enabled LED technology into structural building materials. The company generates revenue through the direct sale, custom manufacturing, and global installation of these transparent media screens, which allow real estate owners to monetize vertical facades via digital out-of-home (DOOH) advertising, live streaming, and interactive marketing. As of February 2026, the company is executing a radical strategic pivot through a planned reverse merger with a subsidiary of Montana Goldfields to form Montana Gold Inc. (MGI), a move designed to transition the entity into the U.S. mining sector and regain Nasdaq compliance. In its legacy architectural glass market, Captivision competes with specialized firms such as Tecnoglass Inc., Daktronics, and various regional LED manufacturers, positioning itself as a high-end niche provider of integrated structural-digital solutions before its current shift toward the natural resources industry. The leadership team is anchored by Chairman and CEO Gary R. Garrabrant, who also assumed the role of interim CFO in late 2025. Garrabrant brings significant institutional pedigree as the former CEO of Equity International and co-founder of Jaguar Growth Partners, where he specialized in global real estate investment. The company was founded by Dr. Ho Joon Lee, the primary architect of G-Glass technology, who currently serves as Chief Technology Officer and remains a key board member. The executive suite is further supported by Chief Commercial Officer Ryan Littman, who oversees global business development. Captivision’s board features high-profile industry veterans, most notably Richard “Ric” Clark, the former Chairman and CEO of Brookfield Property Group, and John Jureller, who chairs the Audit Committee. Notable institutional interest has historically included positions from firms such as Citadel Advisors, Two Sigma Investments, and XTX Topco Ltd.