On August 19, 2026, Cecilia Lenk resigned as CEO of Netcapital Advisors Inc. and from the Board of Directors of Netcapital Inc., effective immediately, following a U.S. District Court approval of her settlement with the SEC in a civil action filed on August 10, 2026. Ms. Lenk consented to permanent injunctions, conduct-based restrictions, and a $50,000 civil monetary penalty without admitting allegations; the SEC action remains pending against the Company and other defendants. The departure was not due to disagreements regarding operations or policies. Netcapital Inc. operates in the financial technology industry, providing online lending platforms for small businesses.
