---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-021785"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2024-05-29T23:59:59+00:00"
generated_at: "2026-06-01T07:38:45.141200+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Netcapital raises $2.2M by exercising warrants at reduced price; issues new warrants

## Summary
- Entered inducement letters to exercise 14.32M Series A-2 warrants at $0.155/share; gross proceeds ~$2.2M.
- Issued new Series A-3 (5-yr) and Series A-4 (18-mo) warrants for 14.32M shares each at $0.155, subject to shareholder approval.
- Placement agent H.C. Wainwright receives 7.5% cash fee plus 1,074,000 placement agent warrants at $0.1938.
- Company voluntarily reduces exercise price of all outstanding Series A-2 warrants (16M shares) to $0.155.
- Net proceeds used for general corporate purposes; deal closed May 29, 2024.

## SEC filing metadata
- accession: 0001493152-24-021785
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2024-05-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315224021785/0001493152-24-021785-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315224021785/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-021785
- JSON: https://secwatch.observer/filing/0001493152-24-021785.json
- Plain text: https://secwatch.observer/filing/0001493152-24-021785.txt

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