Recent Updates — NCPLW
Netcapital Inc. closed the first tranche of a Securities Purchase Agreement with Hinterland Partners LLC, receiving $402,743 in proceeds. The company issued a promissory note with an outstanding principal balance of $447,492.22, bearing a 12% one-time interest charge and maturing 12 months after funding. The transaction includes a conversion feature allowing Hinterland to convert the debt into common stock at 85% of the lowest traded price over the preceding seven days. Additionally, Netcapital issued 64,387 commitment shares as part of the consideration. A second tranche of up to $175,000 is contingent on the company curing delinquent filings and maintaining Nasdaq listing status within 90 days. The proceeds are designated for business development and general working capital.
Netcapital Inc. operates in the financial technology sector, providing crowdfunding platforms for private equity and real estate investments.
Netcapital Inc. received a notice from Nasdaq on September 21, 2026, stating it is not in compliance with Listing Rule 5250(c)(1) due to the failure to timely file its Form 10-Q for the fiscal quarter ended July 31, 2026, and its delinquent Form 10-K for the fiscal year ended April 30, 2026. The company has until October 23, 2026, to submit a plan to regain compliance; if accepted, Nasdaq may grant an extension of up to 180 days from the original due date, extending until February 9, 2027. If the plan is rejected, Netcapital may appeal to a Nasdaq Hearings Panel. The notice has no immediate effect on trading under symbol NCPL, though there is no assurance that compliance will be regained or the listing maintained. Netcapital Inc. operates in the fintech industry, providing an online platform for private companies to raise capital and offering private equity investment opportunities.
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.