Netcapital secures $408K in debt financing with convertible and standard notes

Netcapital Inc.

Issued two convertible notes to 1800 Diagonal Lending LLC: $61,360 principal ($52K net) and $64,960 principal ($56K net), 12% interest, maturity Feb 2026.
Upon default, notes convertible at 25% discount to market price; initial conversion price $1.00 for first 180 days.
Also issued $600K principal of non-convertible notes, 8% interest, 3-month maturity, for $300K gross proceeds (50% OID).
Proceeds used for general working capital; notes issued in private placements under Section 4(a)(2) and Regulation D.

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