secwatch.observer — SEC 8-K summary
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Issuer:     Netcapital Inc. (NCPL)
CIK:        0001414767
Form:       8-K
Filed at:   2026-05-28T20:05:32+00:00
Accession:  0001493152-26-025607
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Netcapital acquires NetNudge AI Agent Platform assets from Codesharp for up to 1.2M Series A Preferred shares
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- Consideration: 600,000 Series A Preferred shares at closing ($900K stated value); up to 600,000 more if $3M cumulative GAAP revenue earned in 3 years.
- Initial Preferred shares have 2.5 votes each; milestone shares non-voting. Convertible into common only at company's election.
- Liquidation preference of $1.50 per share; no cumulative dividends; participates in common dividends on as-converted basis.
- John Fanning Sr. (spouse of CFO) advised NetNudge; no separate consideration. NetNudge is early-stage, no customer/supplier contracts acquired.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1414767/000149315226025607/0001493152-26-025607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1414767/000149315226025607/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-025607

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