{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-008705","form_type":"8-K","ticker":"NCPL","cik":"0001414767","company_name":"Netcapital Inc.","filed_at":"2025-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.219119+00:00","generated_at":"2026-05-22T16:57:33.094593+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Netcapital secures $408K in debt financing with convertible and standard notes","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-008705","json":"https://secwatch.observer/filing/0001641172-25-008705.json","markdown":"https://secwatch.observer/filing/0001641172-25-008705.md","text":"https://secwatch.observer/filing/0001641172-25-008705.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1414767/000164117225008705/0001641172-25-008705-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1414767/000164117225008705/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T16:57:33.094593+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}