Netcapital regains Nasdaq $1.00 bid-price compliance but still faces unfiled 10-K/10-Q and restatement

Netcapital Inc.

Nasdaq closed the Feb 4, 2026 bid-price deficiency after NCPL closed at $1.00 or above for 10 straight business days, Sept 23–Oct 6, 2026.
Still out of compliance with Nasdaq Rule 5250(c)(1): FY2026 Form 10-K (April 30, 2026) and Q1 10-Q (July 31, 2026) unfiled; compliance plan due Oct 23, 2026.
Audit Committee engaged Adeptus Partners, LLC on Oct 8, 2026, succeeding Fruci & Associates II, PLLC, which resigned effective Aug 12, 2026.
Adeptus to audit FY2022–FY2026 statements including the April 30, 2021 opening balance sheet, and review FY2026 interim quarters.
Previously issued audited FY2022–FY2025 financials remain not to be relied upon; restatement evaluation not yet complete.

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