Recent 8-K filings for NCPL
Highest-materiality recent filing
Netcapital records $17.9M total impairment on multiple equity investments
- Impairments on 11 investments include StockText, CupCrew, CountSharp, HeadFarm, RealWorld, AceHedge, Dark, Fantize, Caesar Media, ChipBrain, Deuce Drone.
- Largest single impairment: ChipBrain LLC $3.37M due to AI replication of software; Deuce Drone $2.35M (inactive); Caesar Media $2.0M (failure to file).
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Consideration: 600,000 Series A Preferred shares at closing ($900K stated value); up to 600,000 more if $3M cumulative GAAP revenue earned in 3 years.
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Netcapital terminates CEO Rich Wheeless, appoints Todd Violette as new CEO
Rich Wheeless terminated as CEO on April 12, 2026; Todd Violette named CEO effective April 13, 2026.
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Netcapital receives Nasdaq bid price deficiency notice; cure deadline Aug 3, 2026
Nasdaq notified Netcapital on Feb 4, 2026 that bid price closed below $1.00 for 30 consecutive trading days.
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Netcapital acquires Iverson Design assets for 980K shares; Iverson joins as Chief Design Director
Acquired substantially all assets of Iverson Design, LLC, including AI-driven design and visualization tools.
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Total revenues $51,076, down 70% YoY from $170,528; net loss ($0.44) per share vs ($2.34) prior year.
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Netcapital acquires Rivetz assets, appoints new CEO to expand into crypto/blockchain
Acquired substantially all Rivetz Network assets in exchange for 950,000 shares; closed Dec 3.
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Netcapital FY2025 revenue $869K, down 82% YoY; operating loss $8.3M, includes $19.9M impairment
Revenue $869,460 vs $4,951,435 in FY2024, down 82% on lower consulting services.
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Netcapital closes $3M registered direct offering plus $2.9M warrant potential
Raised ~$3M gross from sale of 641,712 shares at $4.675/share.
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Netcapital records $17.9M total impairment on multiple equity investments
Impairments on 11 investments include StockText, CupCrew, CountSharp, HeadFarm, RealWorld, AceHedge, Dark, Fantize, Caesar Media, ChipBrain, Deuce Drone.
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Netcapital Q3 FY2025 revenue down 85% YoY to $152,682; net loss $3.0M
Revenue dropped 85% YoY to $152,682 from $1.04M in Q3 FY2024.
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Netcapital Reports Q2 Fiscal 2025 Results: Revenue Down 92% YoY, Net Loss of $2.2M
Revenue fell 92% year-over-year to $170,528 for the quarter ended Oct 31, 2024.
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Netcapital subsidiary receives FINRA approval to become broker-dealer
NSI approved for private placements, Reg A and Reg D offerings, and fee-sharing with other broker-dealers.
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Netcapital Q1 revenue plunges 91% YoY to $142K; net loss widens to $2.5M
Revenue fell ~91% to $142,227 from $1.52M in prior-year quarter; funding portal revenues down 62% to $142,056.
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Netcapital regains Nasdaq bid price compliance; delisting appeal canceled
Nasdaq notified Netcapital on Aug 19, 2024 that it met Bid Price Rule (closing price >= $1.00 for 10 consecutive business days since Aug 2, 2024).
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Revenue decreased 42% YoY to $4.9M; portal fees increased 109% to $874,368.
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Nasdaq to delist Netcapital as stock closed at $0.10 or less for 10 days; reverse split approved
On July 23, 2024, Nasdaq notified Netcapital of delisting due to closing bid price ≤ $0.10 for ten consecutive trading days.
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Netcapital raises $2.2M by exercising warrants at reduced price; issues new warrants
Entered inducement letters to exercise 14.32M Series A-2 warrants at $0.155/share; gross proceeds ~$2.2M.
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Netcapital Q3 FY2024 revenue falls 54% to $1.0M, diluted EPS $(0.19) vs $0.33
Revenue decreased 54% YoY to $1.0M from $2.3M in Q3 FY2023.
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Netcapital gets 180-day Nasdaq bid-price extension to Aug 26, 2024
Received extension after failing to meet $1 minimum bid price by Feb 28, 2024.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.55 · Most common event other_material