---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-047004"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2026-10-14T19:50:23+00:00"
generated_at: "2026-10-14T19:51:04.176754+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-047004
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2026-10-14T19:50:23+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.01, 4.01, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315226047004/0001493152-26-047004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315226047004/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-047004
- JSON: https://secwatch.observer/filing/0001493152-26-047004.json
- Plain text: https://secwatch.observer/filing/0001493152-26-047004.txt

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