Captivision Inc 6-K, filed Dec 3, 2025
Captivision Inc. (CPTAF)
About this 6-K
Captivision Inc filed this 6-K on December 3, 2025.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2025
Commission File Number: 001-41869
Captivision Inc.
(Exact name of registrant as specified in its charter)
298-42 Chung-buk Chungang-ro Chung-buk,
Pyeong-taek, Gyounggi, Republic of Korea
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Letter of Intent
On November 24, 2025, Captivision Inc. (the “Company”) entered into a non-binding letter of intent (the “LOI”) with Montana Goldfields, Inc., a Delaware corporation (“Montana Goldfields”). Pursuant to the terms of the LOI, the parties agreed to negotiate and enter into definitive documentation for the acquisition (the “Acquisition”) by the Company of 100% of the outstanding equity and equity equivalents of Montana Tunnels Mining, Inc. (“MTMI”), a wholly owned subsidiary of Montana Goldfields, which owns the legacy Montana Tunnels Mine and related mining and milling plant and equipment. Each party has agreed to negotiate with the other party exclusively for a period of 60 days.
The LOI provides that the Company will acquire MTMI using newly issued ordinary shares (the “Transaction Shares”) of the Company in a 1:15 ratio based on a relative pre-transaction value of MTMI of $750 million and the Company of $50 million. The Company’s outstanding share ownership following the issuance of the Transaction Shares will be approximately 93.75% held by the Montana Goldfields’ equity holders and 6.25% held by the pre-closing Company shareholders (the number of shares and percentage ownership will reflect the number of ordinary shares outstanding as of the closing of the transaction).
Pursuant to the definitive documentation, the Company will provide customary representations, warranties and covenants, and the Acquisition will be subject to customary closing conditions and events of default, completion of audited financial statements, and regulatory review.
The Acquisition is subject to confirmatory due diligence, and contingent upon, the negotiation and execution of definitive documentation and final approval by the boards of directors and shareholders, as applicable, of each party.
The foregoing summary of the LOI does not purport to be complete and is qualified in its entirety by reference to the full text of the LOI, a copy of which is furnished as Exhibit 10.1 to this Report on Form 6-K.
On December 2, 2025, the Company issued a press release announcing the LOI. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K.
Cautionary Note Regarding Forward-Looking Statements
This Form 6-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies, or expectations for the Company’s respective businesses, as well as the proposed acquisition of Montana Tunnels Mining, Inc. and Company’s planned discontinuation of its legacy architectural media glass and LED businesses upon completion of the acquisition. These statements are based on the beliefs and assumptions of the management of the Company. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot assure you that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts, and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this Form 6-K, words such as “believe”, “can”, “continue”, “expect”, “forecast”, “may”, “plan”, “project”, “should”, “will” or the negative of such terms, and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The risks and uncertainties include, but are not limited to: (1) the ability to successfully negotiate definitive documents governing and consummate the acquisition of Montana Tunnels Mining, Inc.; (2) the ability to realize the benefits expected from the acquisition and the Company’s strategic direction; (3) following consummation of the acquisition, the ability to execute on the development plan for restarting mining; (4) the ability to raise capital (equity and debt) in the future sufficient to fund the requirements of its development plans; (5) the ability of its management to implement current plans, including with respect to the hiring and training of operating staff as well as to supplement senior management, and to respond to any unforeseen circumstances that require changes to those plans; (6) the occurrence of various risks including, but not limited to, the failure to delineate economically recoverable ore bodies,
unfavorable geological conditions, unanticipated technical and operational difficulties encountered in extraction and production activities, mechanical failure of operating plant and equipment, unexpected shortages or increases in the price of consumables, spare parts and plant and equipment, cost overruns, and failure to obtain essential services from third parties, disruption of production and operations from risks and hazards which are beyond the Company’s control, including environmental hazards, industrial accidents, technical failures, labor disputes, and unusual or unexpected rock formations; (7) the failure to extract ore and minerals consistent with resource and reserve estimates; (8) fluctuation in the market prices of gold plus silver, zinc, lead and copper and changes in world demand for such metals; (9) challenges in operating in an environmentally responsible manner and in accordance with all applicable laws, and in avoiding accidents or claims associated with past operations or other unforeseen events which may compromise its environmental performance with adverse financial implications; (10) competition from other mineral exploration and mining companies which may have greater financial and other resources, including downstream capabilities with which the Company cannot effectively compete; (11) the ability to complete its 2024 fiscal year end audit and maintain the listing of the Company’s ordinary shares and warrants on Nasdaq; (12) the future financial performance of the Company; (13) the ability of the Company to retain or recruit, or to effect changes required in, its officers, key employees, or directors; (14) the ability to effectively discontinue its legacy architectural media glass and LED businesses and resolve associated recourse liabilities; (15) the ability of the Company to comply with laws and regulations applicable to its business; and (16) other risks and uncertainties set forth under the section of the Company’s Annual Report on Form 20-F entitled “Risk Factors.”
These forward-looking statements are based on information available as of the date of this Form 6-K and the Company’s management team’s current expectations, forecasts, and assumptions, and involve a number of judgments, known and unknown risks and uncertainties and other factors, many of which are outside the control of the Company and its directors, officers, and affiliates. Accordingly, forward-looking statements should not be relied upon as representing the Company management team’s views as of any subsequent date. The Company does not undertake any obligation to update, add or to otherwise correct any forward-looking statements contained herein to reflect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be required under applicable securities laws.
The information in this Form 6-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
EXHIBIT INDEX
|
|
|
Exhibit No. |
|
Description |
|
|
|
10.1 |
|
Letter of Intent between Captivision Inc. and Montana Goldfields, Inc., dated November 24, 2025. |
99.1 |
|
Press Release of Captivision Inc., dated December 2, 2025. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Captivision Inc. |
||
|
|
|
By: |
|
/s/ Gary R. Garrabrant |
Name: |
|
Gary R. Garrabrant |
Title: |
|
Chief Executive Officer |
Date: December 3, 2025
Exhibit 10.1
Captivision Inc.
601 Brickell Key Drive, Suite 700
Miami, FL 33131
November 24, 2025
CONFIDENTIAL
Montana Goldfields, Inc.
1610 Wynkoop Street, Suite400
Denver, CO 80202
Attn: Patrick Imeson
Re: Letter of Intent
Dear Mr. Imeson,
This letter of intent (this “LOI”) outlines the general terms and conditions of a potential business transaction (the “Proposed Transaction”) involving Captivision Inc., a Cayman Islands exempted company (Nasdaq: CAPT) (the “Company”), and Montana Goldfields, Inc., a Delaware corporation ( “Montana Goldfields”) and relating specifically to the acquisition by the Company of Montana Tunnels Mining, Inc., a wholly owned subsidiary of Montana Goldfields (“MTMI”). By executing this LOI, the parties confirm their agreement to negotiate the Definitive Agreements (as defined below) on substantially the terms and conditions as set forth herein and in the non-binding term sheet in Exhibit A hereto (the “Term Sheet”). References hereinafter to this LOI shall be deemed to include the Term Sheet.
1
2
3
{Remainder of Page Intentionally Left Blank; Signature Page(s) Follow(s)}
4
Please acknowledge your acceptance of and agreement with the foregoing by signing and returning to the undersigned as soon as possible a counterpart of this LOI.
Sincerely,
Captivision Inc.
By: _/s/ Gary R. Garrabrant________
Name: Gary R. Garrabrant
Title: Chief Executive Officer
5
Accepted and agreed to by the undersigned as of the date first above written:
Montana Goldfields, Inc.
By: _/s/ Patrick Imeson___________
Name: Patrick Imeson
Title: Chief Executive Officer
6
Exhibit A – NON-BINDING TERM SHEET
This Term Sheet is attached to and forms a part of an LOI intended to set forth the material financial and business terms and conditions of the Proposed Transaction. However, all such terms and conditions are subject to further refinement and detail as the parties shall mutually agree, as shall be set forth in the Definitive Agreements. All capitalized terms used in this Term Sheet and not otherwise defined herein shall have the respective meanings ascribed to such terms in the LOI to which this Term Sheet is attached.
Proposed Transaction: |
The Proposed Transaction is intended to consist of the acquisition by the Company of 100% of the outstanding equity and equity equivalents (including options, warrants or other securities that have the right to acquire or convert into equity securities) of MTMI , which owns the legacy Montana Tunnels permitted mine and related mining and milling plant and equipment, from Montana Goldfields in exchange for the issuance to Montana Goldfields of the Transaction Shares (as hereinafter defined and described in Transaction Consideration below. Notwithstanding the foregoing, (Montana Goldfields and the Company will jointly determine the optimum transaction structure for the Proposed Transaction for execution efficiency and tax purposes based on the due diligence findings as well as business, legal, tax, accounting and other considerations, which may include structuring the Proposed Transaction, including through a tax election, as an asset purchase transaction rather than as an equity acquisition. The Transaction Shares will be issued by the Company to Montana Goldfields in a private placement exempt from registration under the Securities Act of 1933, as amended (“Securities Act”) and the Proposed Transaction will proceed without Company shareholder approval in reliance on the exemption provided to foreign private issuers under Nasdaq’s Series 5600 rules. The Proposed Transaction will be treated as a combination transaction requiring a new listing application under Nasdaq Rule 5110(a). |
Reverse Split of Ordinary Shares |
If and to the extent required to meet Nasdaq requirements for continued listing of the Company’s Ordinary Shares (the “Ordinary Shares”), the Company shall amend its memorandum and articles of association (“MMA”) as necessary to provide for, and shall timely effect, a reverse split of its Ordinary Shares on a 1:10 basis or such ratio as required for continued listing (the “Reverse Split”). |
ROFO: |
The Definitive Agreements will contain a right of first refusal, in favor of the Company, exercisable for a period of two years following the Closing, to acquire other mining and milling assets owned by Montana Goldfields and its subsidiary Elkhorn Goldfields Inc., including the permitted Diamond Hill mine, the permitted Golden Dream deposit and three Elkhorn deposits, on terms to be negotiated by the Company and Montana Goldfields. |
Transaction Consideration: |
The total consideration provided to or for the benefit of Montana Goldfields and/or its equity holders (including holders of options, warrants and other convertible securities), as applicable, in the Proposed Transaction (the “Transaction Consideration”) is based on a total pre-transaction equity value of Montana Goldfields of $750 million and the Company of $50 million. The Transaction Consideration to be paid by the Company will consist of issuance by the Company |
7
|
of Ordinary Shares, which would be issued by the Company based on the 1:15 ratio of the foregoing relative valuations (the “Transaction Shares”). Based on 58,492,342 fully diluted Ordinary Shares outstanding as of the date hereof (and giving effect to the planned 1:10 reverse share split), the share ownership following the issuance of the Transaction Shares will approximate as follows:
The number of shares and percentage ownership will reflect the Ordinary Shares outstanding as of the Closing. |
Lock-Up & Registration Rights: |
All Transaction Shares to be issued in the Proposed Transaction will be subject to the following conditions and protections: (a) a lock-up for a period of up to six months following the Closing; and (b) all applicable holding periods and requirements under the Securities Act and applicable rules thereunder. The Company and Montana Goldfields will enter into a registration rights agreement providing Montana Goldfields with demand registration rights, exercisable for a period of time and commencing at such time as the parties shall mutually agree, and customary piggyback registration rights relating to future issuances and sales of the Company’s Ordinary Shares, subject to such terms and conditions as are customary in transactions of the nature of the Proposed Transaction, including with respect to customary and reasonable underwriter cooperation provisions and “cutback” limitations. |
Employment Arrangements: |
Certain executives of Montana Goldfields and/or MTMI (to be identified by Montana Goldfields and agreed to by the Company) and the Company will enter into mutually acceptable employment agreements with the Company, which will include customary confidentiality, non-compete and other restrictive covenant provisions as are customary in transactions of the nature of the Proposed Transaction and their respective positions. The Company’s long-term incentive/equity plan will remain in effect post-Closing. |
Board of Directors/ Executive Management: |
The Company will amend its MMA or take board action, as is necessary, to fix the size of its board of directors (the “Board”) at 7 directors with four directors appointed by Montana Goldfields, including Thomas Hennessy. The composition of the Board must satisfy the Nasdaq listing requirements. Gary Garrabrant and Patrick Imeson will be appointed by the Board, effective upon Closing, to serve as co-chairman of the Board and Gary Garrabrant will be appointed by the Board, effective upon Closing, to serve as the interim chief executive officer of the Company until a successor is identified and appointed. Prior to the Closing, the Board will initiate an executive search for an “industry veteran” president (to serve as a potential successor chief executive officer of the Company) and chief financial officer of the Company. |
8
Acquisition Agreement: |
The obligations of the parties will be subject to execution of the Definitive Agreements, each containing terms and conditions satisfactory to the Company and Montana Goldfields. The execution of the Definitive Agreements will also be subject to completion of respective and reasonably satisfactory due diligence investigations by each of the Company and Montana Goldfields, and • if required by SEC regulations, the delivery of PCAOB audited financial statements of MTMI for the years ended December 31, 2023 and December 31, 2024 and unaudited interim financial statements of MTMI. • the Company’s filing of its Form 20F annual report (including audited financial statements for the years ended December 31, 2023 (as restated as applicable) and December 31, 2024 and submission of Form 6-K containing unaudited interim financial statements for the period ended June 30, 2025; • completion of a super Form 6-K containing Form 20F compliant information for post-acquisition company; • as necessary for continued listing on Nasdaq of the Ordinary Shares (including the Transaction Shares), the implementation of the Reverse Split in a ratio of at least 1:10; and • the receipt of a listing approval letter from Nasdaq approving the reverse acquisition and continued listing. The Acquisition Agreement will contain representations, warranties, covenants and closing conditions provisions customary for transactions of the nature of the Proposed Transaction, as well as a general release by Montana Goldfields and any other MTMI equity holders. |
Survival: |
Neither Montana Goldfields nor the Company will provide any indemnification under the Acquisition Agreement, and neither party’s representations, warranties and covenants will survive the Closing (except for those covenants, which by their express terms, survive or are to be performed after the Closing). |
Closing Conditions: |
The obligations of each party to consummate the Proposed Transaction are subject to closing conditions customary in transactions of the nature of the Proposed Transaction, including without limitation: (a) the Company’s Nasdaq continued listing approval remaining in effect, receipt of any required regulatory approvals and necessary third party approvals, and expiration of any waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 or other applicable anti-trust laws, (ii) the Company’s receipt of a fairness opinion as to fairness from a financial point of view of the Proposed Transaction , (iii) approval of the Proposed Transaction and related matters by Montana Goldfields, MTMI’s sole equity owner, as is required by applicable law, (iv) all of the outstanding options and warrants, and all other convertible securities of MTMI shall have been converted into equity of the Company or cancelled prior to the Proposed Transaction, and any rights to acquire equity of MTMI will be extinguished as of the Closing and replaced with corresponding rights to acquire equity of the Company, (v) there shall have not been any material adverse changes in the business, customer relationships, operations, financial condition, regulatory environment or prospects of MTMI, and (vi) the execution of all of the other Definitive Agreements as contemplated by the Acquisition Agreement including lockup agreements, non-compete and non-solicitation agreements, and employment agreements. |
9
Filings: |
As soon as practicable following the execution of the Acquisition Agreement, the parties will file all submissions required for applicable shareholder, regulatory and governmental approval. |
No Third-Party Beneficiaries |
Nothing herein is intended or shall be construed to confer upon any person or entity other than the parties and their successors or assigns, any rights or remedies under or by reason of this Term Sheet. |
Governing Law: |
The Acquisition Agreement and other Definitive Agreements will be governed by New York law and jurisdiction as provided in the LOI. |
Non-Binding Nature of LOI and Term Sheet |
This Term Sheet and the LOI to which it is attached and forms a part of reflect the current intention of the parties, but none of such LOI, this Term Sheet or acceptance thereof shall give rise to any legally binding or enforceable obligation on the part of any of they, except with regard to this section and the sections hereof titled “Confidentiality,” “Expenses,” “Governing Law” and “Third-Party Beneficiaries.” No contract or agreement providing for any transaction involving Montana Goldfields or MTMI will be deemed to exist between or among any of the parties or any of their respective affiliates unless and until final Definitive Agreements have been executed and delivered by the same. |
10
Exhibit 99.1
Captivision Announces Plan to Acquire Montana Goldfields Subsidiary Valued at $750 million
creating Nasdaq Listed U.S. Mining Company
Transformative Acquisition of Established Diversified Gold Mining Company with Robust Precious Metals, Critical Minerals and Early Stage Rare Earths Portfolio
MIAMI, December 2, 2025 – Captivision Inc. (“Captivision” or the “Company”) (Nasdaq: CAPT), a pioneering manufacturer and global LED provider, today announced the execution of a letter of intent (“LOI”) for the transformative acquisition of Montana Tunnels Mining, Inc. and the Montana Tunnels Mine, (“Montana Tunnels” or “MTMI”), a wholly owned subsidiary and asset of Montana Goldfields, Inc. (“MGLD” or “Montana Goldfields”).
Captivision will be repositioned as a diversified gold mining and related services company, renamed Montana Gold Inc. and will begin trading on Nasdaq under the ticker symbol “MGI” upon completion of the acquisition. The Company will continue to evaluate strategic alternatives for its legacy architectural media glass and LED businesses.
The proposed acquisition will create a Nasdaq-listed, diversified gold mining company with significant proven reserves across precious metals and potential rare earths elements. In addition to the U.S. headquarters and operations, the Company will be differentiated by established infrastructure and production, seasoned management and public company governance, and access to capital. The Company will seek to capitalize on growing demand for responsibly sourced mining assets and heightened focus on domestic supply chain security.
Based in Denver, Colorado, Montana Goldfields owns three mines in Montana with mineable resources and reserves of gold, silver, zinc, and copper. The operation has a 22-year production history with established infrastructure including milling, and a development plan that will enable the Company to restart production catalyzing near and long-term revenue and profitability through the substantial and diversified proven reserves. In addition to the foundational acquisition of the Montana Tunnels Mine, the agreement will include a right of first refusal to acquire related Montana Goldfields mining assets that have the potential to meaningfully propel growth, on terms to be negotiated. These assets include the permitted Diamond Hill mine, its permitted Golden Dream deposit and its three Elkhorn deposits.
“We are thrilled to join forces with the Montana Goldfields team through this acquisition,” said Gary Garrabrant, Chairman and CEO of Captivision. “Montana Gold’s portfolio of permitted, proven assets –entirely within the United States – uniquely positions the combined company to capitalize on the enduring value and growing demand for precious metals, critical minerals, and rare earth elements. We look forward to building a differentiated and innovative public company drawing from our complementary strengths and experience.”
Captivision’s CEO Gary Garrabrant and an appointee from Montana Goldfields Inc. will serve as Co-Chairmen and Garrabrant will continue as Chief Executive Officer of the combined Company.
Under the terms of the LOI, Captivision will acquire MTMI and the Montana Tunnels Mine asset using the Company’s newly issued ordinary shares in a ratio based on a relative pre-transaction value of $750 million and the Company of $50 million. The transaction, which is subject to negotiation of definitive documents reflecting usual and customary closing conditions, completion of audited financial statements, and regulatory review, is expected to close by the First Quarter 2026.
Paul Hastings LLP is advising the Company as legal counsel. Lucosky Brookman LLP is advising Montana Goldfields.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies, or expectations for the Company’s respective businesses, as well as the proposed acquisition of Montana Tunnels Mining, Inc. and Company’s planned discontinuation of its legacy architectural media glass and LED businesses upon completion of the acquisition. These statements are based on the beliefs and assumptions of the management of the Company. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot assure you that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts, and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “believe”, “can”, “continue”, “expect”, “forecast”, “may”, “plan”, “project”, “should”, “will” or the negative of such terms, and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The risks and uncertainties include, but are not limited to: (1) the ability to successfully negotiate definitive documents governing and consummate the acquisition of Montana Tunnels Mining, Inc.; (2) the ability to realize the benefits expected from the acquisition and the Company’s strategic direction; (3) following consummation of the acquisition, the ability to execute on the development plan for restarting mining; (4) the ability to raise capital (equity and debt) in the future sufficient to fund the requirements of its development plans; (5) the ability of its management to implement current plans, including with respect to the hiring and training of operating staff as well as to supplement senior management, and to respond to any unforeseen circumstances that require changes to those plans; (6) the occurrence of various risks including, but not limited to, the failure to delineate economically recoverable ore bodies, unfavorable geological conditions, unanticipated technical and operational difficulties encountered in extraction and production activities, mechanical failure of operating plant and equipment, unexpected shortages or increases in the price of consumables, spare parts and plant and equipment, cost overruns, and failure to obtain essential services from third parties, disruption of production and operations from risks and hazards which are beyond the Company’s control, including environmental hazards, industrial accidents, technical failures, labor disputes, and unusual or unexpected rock formations; (7) the failure of extract or and minerals consistent with resource and reserve estimates; (8) fluctuation in the market prices of gold plus silver, zinc, lead and copper and changes in world demand for such metals; (9) challenges in operating in an environmentally responsible manner and in accordance with all applicable laws, and in avoiding accidents or claims associated with past operations or other unforeseen events which may compromise its environmental performance with adverse financial implications; (10) competition from other mineral exploration and mining companies which may have greater financial and other resources, including downstream capabilities with which the Company cannot effectively compete; (11) the ability to complete its 2024 fiscal year end audit and maintain the listing of the Company’s ordinary shares and warrants on Nasdaq; (12) the future financial performance of the Company; (13) the ability of the Company to retain or recruit, or to effect changes required in, its officers, key employees, or directors; (14) the ability to effectively discontinue its legacy architectural media glass and LED businesses and resolve associated recourse liabilities; (15) the ability of the Company to comply with laws and regulations applicable to its business; and (16) other risks and uncertainties set forth under the section of the Company’s Annual Report on Form 20-F entitled “Risk Factors.”
These forward-looking statements are based on information available as of the date of this press release and the Company’s management team’s current expectations, forecasts, and assumptions, and involve a number of judgments, known and unknown risks and uncertainties and other factors, many of which are outside the control of the Company and its directors, officers, and affiliates. Accordingly, forward-looking statements should not be relied upon as representing the Company management team’s views as of any subsequent date. The Company does not undertake any obligation to update, add or to otherwise correct any forward-looking statements contained herein to reflect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be required under applicable securities laws.
Investor Contact:
Gateway Group
Ralf Esper
+1 949-574-3860
CAPT@gateway-grp.com