Netcapital Inc. amended convertible notes held by Vanquish Funding Group Inc., totaling $326,670 in principal, to impose a 19.99% beneficial ownership cap and a $0.10 per share conversion price floor. Concurrently, Nasdaq granted the company an additional 180-day compliance period until February 1, 2027, to regain adherence to the minimum $1.00 bid price requirement after failing its initial deadline on August 3, 2026. The company intends to cure this deficiency through a potential reverse stock split if necessary; failure to comply by the new deadline may result in delisting proceedings. Netcapital Inc. operates as a fintech platform facilitating online capital raising for private companies and providing investment opportunities.
