---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-026745"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2025-12-09T23:59:59+00:00"
generated_at: "2026-05-16T13:46:46.263611+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Netcapital acquires Rivetz assets, appoints new CEO to expand into crypto/blockchain

## Summary
- Acquired substantially all Rivetz Network assets in exchange for 950,000 shares; closed Dec 3.
- CEO Martin Kay resigned Dec 3; severance $98,750, full option vesting, 12-month consulting at $10k/month.
- Rich Wheeless appointed CEO Dec 7; base $180k; plans to expand Netcapital into crypto/blockchain investments.
- Kevin Kilduff appointed GC; inducement grant of 1,000,000 restricted shares vesting on revenue milestones $900k-$1.5M.
- Issued 950,000 unregistered shares to Rivetz for asset acquisition.

## SEC filing metadata
- accession: 0001493152-25-026745
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2025-12-09T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315225026745/0001493152-25-026745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315225026745/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-026745
- JSON: https://secwatch.observer/filing/0001493152-25-026745.json
- Plain text: https://secwatch.observer/filing/0001493152-25-026745.txt

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