Netcapital proposes reverse stock split 1:2 to 1:100 to regain Nasdaq bid price compliance

Netcapital Inc.

Special stockholder meeting set for July 24, 2024 to vote on reverse split.
Ratio range of 1-for-2 to 1-for-100; exact ratio to be set by board.
Nasdaq deficiency notice from Sept 1, 2023; extension granted to Aug 26, 2024.
Company failed to regain $1 minimum bid price by original Feb 28, 2024 deadline.
Proxy statement to be filed on or about May 28, 2024.

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