Netcapital granted extra 180-day Nasdaq compliance period; amends Vanquish notes

Netcapital Inc.

Nasdaq granted 180-day extension until Feb 1, 2027 to regain $1.00 minimum bid price compliance.
Company failed initial compliance by Aug 3, 2026; may need reverse stock split by ~Jan 22, 2027.
Amended three Vanquish convertible notes ($51,750, $92,800, $182,120) adding 19.99% issuance cap pending stockholder approval.
Amended notes set $0.10 conversion floor for first six months and 4.99% beneficial ownership cap; default conversion at 65% of lowest price.
No immediate effect on NCPL listing; if delisted, timely hearing request would not stay suspension.

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