---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-018003"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2025-07-07T23:59:59+00:00"
generated_at: "2026-05-18T09:15:56.204769+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-018003
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2025-07-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000164117225018003/0001641172-25-018003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000164117225018003/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-018003
- JSON: https://secwatch.observer/filing/0001641172-25-018003.json
- Plain text: https://secwatch.observer/filing/0001641172-25-018003.txt

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