{"schema_version":"secwatch.filing_event.v1","accession":"0001903596-22-000400","form_type":"8-K","ticker":"NCPL","cik":"0001414767","company_name":"Netcapital Inc.","filed_at":"2022-06-28T23:59:59+00:00","discovered_at":"2026-05-14T18:04:00.594646+00:00","generated_at":"2026-06-24T22:36:46.584474+00:00","sec_items":["1.01","2.03","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Netcapital estimates FY2022 net sales $5.3-5.5M, net income $3.3-3.5M including $1.9M loan forgiveness","bullets":["Preliminary FY2022 net sales $5.3-5.5M, up ~15% from $4.7M in FY2021; net income $3.3-3.5M vs $1.5M.","Borrowed $400k from Vaxstar LLC on April 18, 2022; total principal $1.4M, 8% interest, due April 30, 2023.","Appointed Cecilia Lenk as President (also CEO) and entered 3-year employment agreements with Lenk, Coreen Kraysler (CFO), and Jason Frishman (CEO of NFP).","Annual base salary for each exec $96k, rising to $150k upon a public offering and exchange listing.","Entered license agreement with Netcapital Systems LLC for funding portal software at $380k/year."],"urls":{"canonical":"https://secwatch.observer/filing/0001903596-22-000400","json":"https://secwatch.observer/filing/0001903596-22-000400.json","markdown":"https://secwatch.observer/filing/0001903596-22-000400.md","text":"https://secwatch.observer/filing/0001903596-22-000400.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1414767/000190359622000400/0001903596-22-000400-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1414767/000190359622000400/f2sncpl8k06242.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T22:36:46.584474+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b671ccfc36","claim":"Cecilia Lenk was appointed as President at Netcapital Inc..","evidence_excerpt":"On June 23, 2022, the Company appointed Cecilia Lenk to the position of President to serve until her successor is appointed.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1414767/000190359622000400/0001903596-22-000400-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}