Highest-materiality recent filing
Director Avi Liss resigns amid SEC lawsuit; Cesar Herrera appointed to board
Avi Liss resigned from Netcapital board and all committees effective Aug 27, 2026, citing SEC civil action filed Aug 10, 2026 (SEC v. John Fanning et al., D. Mass).
Netcapital gets Nasdaq delinquency notice for late 10-K; plan due Oct 23
On Aug 24, 2026, Nasdaq notified Netcapital of non-compliance with Rule 5250(c)(1) for not filing FY 2026 Form 10-K.
Netcapital's Cecilia Lenk resigns as board member and subsidiary CEO after $50K SEC settlement
Lenk resigned Aug 19, 2026 from Netcapital board and as CEO of Netcapital Advisors, effective immediately.
Auditor Fruci & Associates II resigned effective Aug 12, 2026, citing SEC Litigation Release No. 26607.
Netcapital granted extra 180-day Nasdaq compliance period; amends Vanquish notes
Nasdaq granted 180-day extension until Feb 1, 2027 to regain $1.00 minimum bid price compliance.
Up to $15M of common stock may be sold to Hudson Global Ventures under equity line.
Netcapital raises $224.5K via convertible note and warrant to Dune Equity Holdings
Issued $290K convertible note to Dune Equity; net proceeds $224.5K after $40K OID and $25.5K fees.
Netcapital issues $290K convertible note and warrants to FirstFire, netting $224.5K
Issued $290K promissory note to FirstFire with $40K OID; net proceeds $224.5K after fees.
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.
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.
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.
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.
Total revenues $51,076, down 70% YoY from $170,528; net loss ($0.44) per share vs ($2.34) prior year.
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.
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.
Netcapital closes $3M registered direct offering plus $2.9M warrant potential
Raised ~$3M gross from sale of 641,712 shares at $4.675/share.
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.
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.
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.
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.
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.
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).
Revenue decreased 42% YoY to $4.9M; portal fees increased 109% to $874,368.
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.
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.
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.
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.
On August 30, 2026, the Board, acting by unanimous written consent of the directors then in office pursuant to Section 16-10a-810(1)(c) of the Utah Revised Business Corporation Act and the Company’s Bylaws, elected Cesar Herrera as a director of the Company, effective immediately, to fill the vacancy on the Board created by Mr. Liss’s resignation.
On August 27, 2026, Avi Liss resigned as a member of the Board of Directors (the “Board”) of Netcapital Inc. (the “Company”), and from all committees of the Board on which he served, including the Audit Committee, effective immediately upon delivery of his written resignation to the Company.
On August 19, 2026, following the United States District Court for the District of Massachusetts’ approval of Cecilia Lenk’s settlement with the Securities and Exchange Commission in the previously disclosed SEC civil action, Ms. Lenk resigned from the Board of Directors of Netcapital Inc. (the “Company”) and from her position as Chief Executive Officer of Netcapital Advisors Inc., a wholly owned subsidiary of the Company, effective immediately.
On August 19, 2026, following the United States District Court for the District of Massachusetts’ approval of Cecilia Lenk’s settlement with the Securities and Exchange Commission in the previously disclosed SEC civil action, Ms. Lenk resigned from the Board of Directors of Netcapital Inc. (the “Company”) and from her position as Chief Executive Officer of Netcapital Advisors Inc., a wholly owned subsidiary of the Company, effective immediately.
On June 23, 2022, the Company appointed Cecilia Lenk to the position of President to serve until her successor is appointed.
Effective May 15, 2022, the Board of Directors (the “Board”) of Netcapital Inc. (the “Company”) appointed Martin Kay to the Board to fill the vacancy created by Thomas Carmody’s death.
On May 4, 2022, Thomas Carmody, a director of Netcapital Inc., passed away.
Max materiality 1.00 · Median 0.60 · Most common event other_material