{"schema_version":"secwatch.filing_event.v1","accession":"0001903596-23-000028","form_type":"8-K","ticker":"NCPL","cik":"0001414767","company_name":"Netcapital Inc.","filed_at":"2023-01-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.841368+00:00","generated_at":"2026-06-20T18:41:47.126208+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Netcapital partners with Templum to launch secondary trading marketplace for private securities","bullets":["Netcapital subsidiary signs 3-year exclusive ATS partnership with Templum to enable secondary trading of private securities.","Agreement includes discounted license fee in year 1, standard fees in years 2-3, and annual increase of CPI+3% or 5% thereafter.","Press release says Netcapital plans to offer liquidity to funding portal investors via Templum Markets' regulated ATS.","Agreement automatically renews annually unless either party gives 90-day non-renewal notice.","CEO Kay says partnership is a competitive advantage and key differentiator in digital private markets."],"urls":{"canonical":"https://secwatch.observer/filing/0001903596-23-000028","json":"https://secwatch.observer/filing/0001903596-23-000028.json","markdown":"https://secwatch.observer/filing/0001903596-23-000028.md","text":"https://secwatch.observer/filing/0001903596-23-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1414767/000190359623000028/0001903596-23-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1414767/000190359623000028/f2sncpl8k010623.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T18:41:47.126208+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":"4b1251e1f807dc049c8eccb529759d71a737fa86","claim":"Netcapital Inc. entered into Software License and Services Agreement with Templum, Inc. valued at Implementation fee upon signing; discounted license fee in year 1, standard license fee in years 2 a (effective 2023-01-02).","evidence_excerpt":"On January 2, 2023, Netcapital Systems LLC (“Systems”), a Utah limited liability company and wholly owned subsidiary of Netcapital Inc. (the “Company”) entered into a software license and services agreement (“Agreement”) with Templum, Inc. (“Templum”), a company that provides capital markets infrastructure for trading private equity securities.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1414767/000190359623000028/0001903596-23-000028-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"license"},{"label":"Counterparty","value":"Templum, Inc."},{"label":"Value","value":"Implementation fee upon signing; discounted license fee in year 1, standard license fee in years 2 a"},{"label":"Effective","value":"2023-01-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}