---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-021602"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2024-05-28T23:59:59+00:00"
generated_at: "2026-06-01T07:56:36.778093+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-021602
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2024-05-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315224021602/0001493152-24-021602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315224021602/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-021602
- JSON: https://secwatch.observer/filing/0001493152-24-021602.json
- Plain text: https://secwatch.observer/filing/0001493152-24-021602.txt

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