Netcapital Inc. (NCPL): Nasdaq/NYSE listing notice — Netcapital receives Nasdaq delisting notice for bid price below $1.00; 180-day cure period

Netcapital Inc.

Nasdaq notified Netcapital on Sept 1, 2023 that common stock failed to maintain minimum $1.00 bid price for 30 consecutive business days.
Company has until February 28, 2024 to regain compliance; bid price must close at $1.00+ for 10 consecutive business days.
If not cured, an additional 180 days may be available if other listing standards are met; otherwise delisting process may begin.
Netcapital may consider a reverse stock split to cure the deficiency.
No immediate effect on trading; stock continues to trade under symbol NCPL.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Netcapital Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

LC (“Nasdaq”) that it is not in compliance with the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid

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Netcapital Inc. filing history →

Source: SEC EDGAR

accession 0001903596-23-000693

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