Netcapital raises $224.5K via convertible note and warrant to Dune Equity Holdings

Netcapital Inc.

Issued $290K convertible note to Dune Equity; net proceeds $224.5K after $40K OID and $25.5K fees.
Note matures July 1, 2027; conversion price at 75% of lowest 10-day closing bid (floor $0.10).
Warrant for 250,000 shares at $0.50/share, exercisable Jan 1, 2027 to July 1, 2029.
Company must hold shareholder meeting within 180 days to approve up to 1,569,579 shares under Nasdaq rules.
CEO Todd Violette discussed recent acquisitions and growth strategy on July 7 investor call (no financial details provided).

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.