{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-038853","form_type":"8-K","ticker":"NCPL","cik":"0001414767","company_name":"Netcapital Inc.","filed_at":"2026-08-18T01:30:35+00:00","discovered_at":"2026-08-18T10:05:00.627739+00:00","generated_at":"2026-08-18T10:05:11.858475+00:00","sec_items":["4.01","4.02","9.01"],"event_type":"litigation","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Netcapital auditor resigns; restates FY22-25 financials amid SEC $13.9M revenue overstatement allegations","bullets":["Auditor Fruci & Associates II resigned effective Aug 12, 2026, citing SEC Litigation Release No. 26607.","SEC complaint filed Aug 10, 2026 alleges ~$13.9M overstated consulting revenue from Oct 2021-Jan 2024.","Non-reliance on audited FY2022-2025 and unaudited quarters Oct 2021-Jan 2025; restatement evaluation ongoing.","Fruci's prior reports included going-concern sections; no disagreements on accounting principles noted."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-038853","json":"https://secwatch.observer/filing/0001493152-26-038853.json","markdown":"https://secwatch.observer/filing/0001493152-26-038853.md","text":"https://secwatch.observer/filing/0001493152-26-038853.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1414767/000149315226038853/0001493152-26-038853-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1414767/000149315226038853/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-18T10:05:11.858475+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}