---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-030079"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:26:07.444058+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-030079
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315224030079/0001493152-24-030079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315224030079/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-030079
- JSON: https://secwatch.observer/filing/0001493152-24-030079.json
- Plain text: https://secwatch.observer/filing/0001493152-24-030079.txt

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