Netcapital raises $5M in registered direct offering; warrants for additional $4.9M

Netcapital Inc.

Sold 714,286 shares at $7.00 per share for gross proceeds of $5M.
Issued warrants to purchase 714,286 shares at $6.88, exercisable for 24 months from resale reg. effective date.
Potential additional $4.9M if warrants fully exercised on cash basis.
Net proceeds used for $320K promissory note repayment and general working capital.
H.C. Wainwright acted as exclusive placement agent; received 7.5% fee and 53,571 warrants at $8.75.

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