Netcapital Inc. received a delinquency notification from Nasdaq on August 24, 2026, for failing to file its Annual Report on Form 10-K for the fiscal year ended April 30, 2026. The company has until October 23, 2026, to submit a compliance plan and may receive an extension until February 9, 2027. Netcapital operates in the fintech industry, providing online capital raising platforms for private companies.

Netcapital Inc. filed an 8-K on August 12, 2026, announcing the immediate resignation of its independent auditor, Fruci & Associates II, PLLC, due to SEC Litigation Release No. 26607 and a related civil complaint alleging approximately $13.9 million in improper consulting revenue recognition from October 2021 through January 2024. The company declared non-reliance on previously issued financial statements for fiscal years ended April 30, 2022 through 2025, and various interim quarters, pending evaluation of required restatement adjustments. Netcapital operates in the fintech industry, providing equity crowdfunding and investment management services.

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.