secwatch.observer — SEC 8-K summary
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Issuer:     Netcapital Inc. (NCPL)
CIK:        0001414767
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001493152-24-008365
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1414767/000149315224008365/0001493152-24-008365-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1414767/000149315224008365/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-008365

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