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confidence high
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materiality 0.30
Netcapital authorizes 10M shares of blank-check preferred stock
Netcapital Inc.
- Filed articles of amendment on March 25, 2025 to authorize 10,000,000 shares of preferred stock.
- Total authorized capital stock now 910M shares: 900M common ($0.001 par) and 10M preferred ($0.001 par).
- Board and shareholders approved the amendment at the September 25, 2024 annual meeting.
- No immediate issuance or use of the preferred shares was disclosed.