---
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"
generated_at: "2026-05-22T16:57:33.094593+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-008705
- JSON: https://secwatch.observer/filing/0001641172-25-008705.json
- Plain text: https://secwatch.observer/filing/0001641172-25-008705.txt

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