---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-23-000554"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:08:51.911216+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Netcapital closes $1.2M public offering of 1.725M shares at $0.70/share

## Summary
- Gross proceeds of $1,207,500 from 1,725,000 shares at $0.70 per share; closed July 24, 2023.
- ThinkEquity acted as sole book-running manager; issued warrants to purchase 86,250 shares to underwriter.
- Net proceeds to be used for general corporate purposes, working capital, and G&A expenses.
- Offering made under effective Form S-3 shelf registration (File No. 333-267921).

## SEC filing metadata
- accession: 0001903596-23-000554
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000554/0001903596-23-000554-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000554/ncpl_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-23-000554
- JSON: https://secwatch.observer/filing/0001903596-23-000554.json
- Plain text: https://secwatch.observer/filing/0001903596-23-000554.txt

## Key facts
- Material Agreements
  Netcapital Inc. entered into Underwriting Agreement with ThinkEquity LLC valued at approximately $1,207,500 (effective 2023-07-19).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: ThinkEquity LLC
  - Value: approximately $1,207,500
  - Effective: 2023-07-19
  source text: On July 19, 2023 (the “Effective Date”), Netcapital Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with ThinkEquity LLC (“ThinkEquity”), as representative of the several underwriters listed on Schedule I thereto, relating to the public offering (the “Offering”) of 1,725,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a price to the public of $0.70 per Share (the “Offering Price”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1414767/000190359623000554/0001903596-23-000554-index.htm

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