---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-008365"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:29:20.056636+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Netcapital gets 180-day Nasdaq bid-price extension to Aug 26, 2024

## Summary
- Received extension after failing to meet $1 minimum bid price by Feb 28, 2024.
- Must close at or above $1 for 10 consecutive business days by Aug 26, 2024.
- Failure to comply by Aug 26 will result in delisting; company may appeal.
- Company may consider a reverse stock split to cure the deficiency.
- Common stock continues trading on Nasdaq under NCPL during extension.

## SEC filing metadata
- accession: 0001493152-24-008365
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315224008365/0001493152-24-008365-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315224008365/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-008365
- JSON: https://secwatch.observer/filing/0001493152-24-008365.json
- Plain text: https://secwatch.observer/filing/0001493152-24-008365.txt

## Key facts
- Listing & Compliance Notices
  Netcapital Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: extension granted
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: February 29, 2024, the Company received a letter (the “Extension Notice”) from Nasdaq notifying the Company that its request for an extension to regain compliance with the minimum bid price requirement has been granted, and the Company has an additional 180 calendar days, or until August 26, 2024, to regain compliance with the minimum bid price requirement. Nasdaq’s determination was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market with the exception of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414767/000149315224008365/0001493152-24-008365-index.htm

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