secwatch.observer — SEC 8-K summary
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Issuer:     Netcapital Inc. (NCPL)
CIK:        0001414767
Form:       8-K
Filed at:   2025-06-30T23:59:59+00:00
Accession:  0001641172-25-017158
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Netcapital licenses Horizon's blockchain platform for 500,000 shares
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- Issued 500,000 shares of common stock (NCPL) to Horizon Globex GmbH for a perpetual, royalty-free license to Horizon's blockchain-based capital-raising and secondary trading platform.
- License is non-exclusive, restricted to the United States; includes branding of platform and app for Netcapital.
- Platform facilitates security token offerings, Reg D/A offerings, and secondary trading; configured on Microsoft Azure cloud.
- No cash proceeds from share issuance; shares issued under Section 4(a)(2) and/or 3(a)(9) of Securities Act.
- Agreement governed by New York law; effective June 26, 2025; may be terminated for uncured material breach or insolvency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1414767/000164117225017158/0001641172-25-017158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1414767/000164117225017158/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-017158

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer