---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-009730"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T01:03:22.833502+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Netcapital raises ~$143k by repricing warrants to $1.80, issues new warrants at $2.03

## Summary
- Existing warrants for 79,558 shares repriced from $8.74 to $1.80 per share; holders exercised for cash.
- Company issued new Series A-7 (5-yr) and A-8 (18-mo) warrants for 159,116 shares at $2.03 exercise price.
- Gross proceeds ~$143k; no placement agent fees; net proceeds for general corporate purposes.
- New warrants exercisable from Sept 5, 2025; subject to 4.99%/9.99% beneficial ownership limit.
- Transaction closed March 6, 2025; shares issued in private placement under Section 4(a)(2).

## SEC filing metadata
- accession: 0001493152-25-009730
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315225009730/0001493152-25-009730-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315225009730/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-009730
- JSON: https://secwatch.observer/filing/0001493152-25-009730.json
- Plain text: https://secwatch.observer/filing/0001493152-25-009730.txt

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