---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-014907"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2025-06-12T23:59:59+00:00"
generated_at: "2026-05-19T10:31:11.944707+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Netcapital raises $475k PIPE, forms Crypto & Game Advisory Boards

## Summary
- Private placement of 118,750 shares at $4.00; price reset floor $2.56; net proceeds for general corporate purposes.
- CEO Kay and CFO Kraysler each granted 55,000 immediately exercisable options at $2.68.
- Additional 200,000 options to Kay and Kraysler plus 863,722 to advisors/employee, all contingent on shareholder approval.
- Formed Crypto Advisory Board (7 members) and Game Advisory Board (6 members) to guide digital asset and gaming strategies.

## SEC filing metadata
- accession: 0001641172-25-014907
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2025-06-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000164117225014907/0001641172-25-014907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000164117225014907/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-014907
- JSON: https://secwatch.observer/filing/0001641172-25-014907.json
- Plain text: https://secwatch.observer/filing/0001641172-25-014907.txt

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