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.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Netcapital Inc.: Filed articles of amendment to authorize 10,000,000 shares of blank check preferred stock (effective 2025-03-25).

Change: charter amendment
Effective: 2025-03-25

Exact text from the filing

On March 25, 2025, Netcapital Inc. (the “Company”) filed articles of amendment (the “Articles of Amendment”) to the Company’s Articles of Incorporation, as amended, with the Utah Department of Commerce, Division of Corporations and Commercial Code to authorize 10,000,000 shares of “blank check” preferred stock.

View on SEC.gov

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Netcapital Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-001051

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