Netcapital acquires Iverson Design assets for 980K shares; Iverson joins as Chief Design Director

Netcapital Inc.

Acquired substantially all assets of Iverson Design, LLC, including AI-driven design and visualization tools.
Consideration: 980,000 shares of Netcapital common stock issued at closing on January 2, 2026.
Michael Iverson, founder, joins Netcapital as Chief Design Director and Head of AI Experience.
Transaction supports Netcapital's transition to tokenization and digital asset platform.
Iverson's IP includes proprietary AI design, animation, and real-time rendering technologies.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Netcapital Inc. entered into Asset Purchase Agreement with Iverson Design, LLC valued at 980,000 shares of the Company’s common stock (effective 2026-01-02).

Action: entry
Agreement: asset purchase
Counterparty: Iverson Design, LLC
Value: 980,000 shares of the Company’s common stock
Effective: 2026-01-02

Exact text from the filing

On January 2, 2026, Netcapital Inc., a Utah corporation (the “Company”), entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) by and among the Company, Iverson Design, LLC, a Massachusetts limited liability company (the “Seller”), and Michael Iverson, as the Seller’s manager and sole member (collectively, the “Seller Parties”).

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Source: SEC EDGAR

accession 0001493152-26-000969

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