---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-032527"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2026-07-08T20:30:17+00:00"
generated_at: "2026-07-08T20:31:16.048189+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001493152-26-032527
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2026-07-08T20:30:17+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: medium
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315226032527/0001493152-26-032527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315226032527/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-032527
- JSON: https://secwatch.observer/filing/0001493152-26-032527.json
- Plain text: https://secwatch.observer/filing/0001493152-26-032527.txt

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