Financing ·
On July 2, 2026, Netcapital Inc. closed a financing transaction with Dune Equity Holdings LLC. The company issued a…
NCPLNetcapital Inc.
On July 2, 2026, Netcapital Inc. closed a financing transaction with Dune Equity Holdings LLC. The company issued a $290,000 unsecured promissory note and a warrant to purchase 250,000 shares of common stock at $0.50 per share. After deducting $8,000 for legal fees and $17,500 for placement agent fees, Netcapital received net cash proceeds of $224,500. The note includes a one-time 12% interest charge ($34,800) and matures on July 1, 2027, with amortization payments starting January 2, 2027. The note is convertible at 75% of the lowest closing bid price during the ten trading days preceding conversion, subject to a $0.10 floor. Netcapital must hold a special meeting of shareholders within 180 days to obtain approval for the issuance of up to 1,569,579 shares. Netcapital operates in the financial technology industry, providing a platform for equity crowdfunding.