---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-007661"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T16:53:23.577516+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Netcapital shareholders approve warrant issuance and adjournment proposals at special meeting

## Summary
- Proposal 1 (Warrant Shareholder Approval): 3,417,664 for, 1,017,969 against, 333,249 abstain – approved.
- Proposal 2 (Adjournment): 3,939,968 for, 760,037 against, 68,877 abstain – approved.
- Quorum of 4,768,882 shares represented (~50.42% of 9,459,132 outstanding) at special meeting on Feb 23, 2024.
- Approval relates to warrants issued in December 2023 public offering under Nasdaq Listing Rule 5635(d).

## SEC filing metadata
- accession: 0001493152-24-007661
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315224007661/0001493152-24-007661-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315224007661/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-007661
- JSON: https://secwatch.observer/filing/0001493152-24-007661.json
- Plain text: https://secwatch.observer/filing/0001493152-24-007661.txt

## Key facts
- Shareholder Votes
  Netcapital Inc. shareholders approved Issuance of common stock purchase warrants and placement agent warrants in connection with the Company's December 2023 public offering, including shares issuable upon exercise, in accordance with Nasdaq Listing Rule 5635(d) at the 2024-02-23 meeting.
  - Outcome: passed
  - Meeting: 2024-02-23
  source text: Proposal No. 1 – Warrant Shareholder Approval Proposal The issuance of common stock purchase warrants and placement agent warrants issued in connection with the Company’s December 2023 public offering, including shares of common stock issuable upon exercise of such common stock purchase warrants and placement agent warrants, in accordance with Nasdaq Listing Rule 5635(d) was approved.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414767/000149315224007661/0001493152-24-007661-index.htm
- Shareholder Votes
  Netcapital Inc. shareholders approved Authorization for adjournment of the Special Meeting if necessary to solicit additional proxies at the 2024-02-23 meeting.
  - Outcome: passed
  - Meeting: 2024-02-23
  source text: Proposal No. 2 – Adjournment Proposal The authorization for the adjournment of the Special Meeting if necessary or appropriate, including to solicit additional proxies in the event that there are not sufficient votes at the time of the Special Meeting or adjournment or postponement thereof to approve any of the foregoing proposals was approved.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414767/000149315224007661/0001493152-24-007661-index.htm

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