---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-046258"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T06:51:06.320477+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Netcapital closes $4M public offering of common stock and warrants; net proceeds $3.37M

## Summary
- Offered 16M units at $0.25 each: 4.8M common shares, 11.2M pre-funded warrants, 16M Series A-1 and 16M Series A-2 warrants.
- Series A-1 warrants exercisable at $0.25/share for 5 years after shareholder approval; Series A-2 for 18 months.
- Gross proceeds $4M; net proceeds $3.37M after fees and expenses.
- Proceeds to be used for sales, marketing, and general working capital.
- H.C. Wainwright acted as exclusive placement agent; received 7.5% cash fee and 1.2M placement agent warrants.

## SEC filing metadata
- accession: 0001493152-23-046258
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315223046258/0001493152-23-046258-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315223046258/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-046258
- JSON: https://secwatch.observer/filing/0001493152-23-046258.json
- Plain text: https://secwatch.observer/filing/0001493152-23-046258.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.