---
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"
generated_at: "2026-06-20T18:41:47.126208+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Netcapital partners with Templum to launch secondary trading marketplace for private securities

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-23-000028
- JSON: https://secwatch.observer/filing/0001903596-23-000028.json
- Plain text: https://secwatch.observer/filing/0001903596-23-000028.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: license
  - Counterparty: Templum, Inc.
  - Value: Implementation fee upon signing; discounted license fee in year 1, standard license fee in years 2 a
  - Effective: 2023-01-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000028/0001903596-23-000028-index.htm

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