---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-002270"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2025-01-15T23:59:59+00:00"
generated_at: "2026-05-28T01:02:06.025425+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Netcapital reduces warrant exercise price to $1.80, raises ~$487K in cash exercise

## Summary
- Existing warrants for 270,861 shares exercised at $1.80 (down from $10.85); gross proceeds ~$487K.
- Company issued new Series A-5 warrants for 361,148 shares and A-6 warrants for 180,574 shares, each at $2.07, exercisable in 6 months.
- Placement agent H.C. Wainwright received 7.5% cash fee, management fee, expenses, and warrants for 20,315 shares at $2.25.
- Proceeds used for general working capital; new warrants unregistered, resale registration to be filed.

## SEC filing metadata
- accession: 0001493152-25-002270
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2025-01-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315225002270/0001493152-25-002270-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315225002270/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-002270
- JSON: https://secwatch.observer/filing/0001493152-25-002270.json
- Plain text: https://secwatch.observer/filing/0001493152-25-002270.txt

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