other_material
confidence high
sentiment neutral
materiality 0.60
Netcapital closes $3M registered direct offering plus $2.9M warrant potential
Netcapital Inc.
- Raised ~$3M gross from sale of 641,712 shares at $4.675/share.
- Concurrent private placement of warrants to buy up to 641,712 shares at $4.55.
- Warrants exercisable for 24 months; could yield additional $2.9M if fully cash-exercised.
- Net proceeds: ~$250k to repay promissory notes, rest for working capital.
- H.C. Wainwright acted as placement agent, receiving 7.5% cash fee and warrants.
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