Captivision (CAPT) Appoints Ric Clark to its Board

Captivision Inc. (“Captivision” or the “Company”) (NASDAQ: CAPT), a pioneering manufacturer and global LED solution provider, today announced the appointment of Richard “Ric” Clark to its Board of Directors, effective immediately. Mr. Clark will serve as Chair of the Company’s Compensation Committee and also join the Nominating and Corporate Governance Committee, bringing decades of executive leadership and corporate governance expertise to the Company.

Mr. Clark has nearly four decades of real estate, M&A and capital markets experience. He is founder of Burnside Investments, a private investment company, co-founder of WatermanClark, a real estate investment partnership, and a board member of public and private companies in industries including retail, sports and entertainment. Previously, he spent three decades at Brookfield Corp. and its predecessors, serving in various leadership roles, including Chairman and Chief Executive Officer of Brookfield Property Group, Brookfield Property Partners and Brookfield Office Properties. Under his leadership, Brookfield’s real estate group grew its assets under management from $5 billion to more than $200 billion and expanded globally across the property spectrum.

"We are delighted to welcome Ric to Captivision's Board of Directors," said Gary Garrabrant, Chairman and CEO of Captivision. "Ric brings an unparalleled experience building and leading one of the world’s largest and most respected real estate companies. His accomplishments as an entrepreneur are equally distinguished as well as his relationships with decision makers globally."

Mr. Clark holds a Bachelor of Science from Indiana University of Pennsylvania.

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