---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-028940"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T16:50:30.920957+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nasdaq to delist Netcapital as stock closed at $0.10 or less for 10 days; reverse split approved

## Summary
- On July 23, 2024, Nasdaq notified Netcapital of delisting due to closing bid price ≤ $0.10 for ten consecutive trading days.
- Company intends to appeal the delisting to a Nasdaq Hearings Panel, which will stay further action pending the hearing.
- Shareholders approved a reverse stock split (1:2 to 1:100), with board to set exact ratio and implement before July 24, 2025.
- Company had been non-compliant with Nasdaq minimum bid price rule since Sept 2023, with compliance deadline of Aug 26, 2024.

## SEC filing metadata
- accession: 0001493152-24-028940
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315224028940/0001493152-24-028940-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315224028940/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-028940
- JSON: https://secwatch.observer/filing/0001493152-24-028940.json
- Plain text: https://secwatch.observer/filing/0001493152-24-028940.txt

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