Netcapital effects 1-for-70 reverse stock split to regain Nasdaq compliance

Netcapital Inc.

Reverse split effective 4:01 p.m. ET on August 1, 2024; trading on split-adjusted basis begins August 2, 2024.
Outstanding shares reduced from ~40.54 million to ~579,445; no fractional shares issued (rounded up to whole share).
New CUSIP 64113L202 for common stock; symbol NCPL unchanged; warrants (NCPLW) continue under existing CUSIP.
Exercise prices and share counts for warrants and equity awards adjusted proportionally.
Goal is to increase per-share price above $1.00 minimum bid to maintain Nasdaq listing.

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