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Netcapital Announces Closing of Up To $9.9 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-07-07 20:05
Group 1 - The company, Netcapital Inc., closed a registered direct offering for the purchase and sale of 714,286 shares of common stock at a price of $7.00 per share, generating approximately $5 million in gross proceeds [1][3] - In a concurrent private placement, the company issued unregistered short-term warrants to purchase up to 714,286 shares at an exercise price of $6.88 per share, potentially adding up to $4.9 million in gross proceeds if fully exercised [1][3] - The net proceeds from the offering will be used for the repayment of certain outstanding promissory notes and for general working capital purposes [3] Group 2 - H.C. Wainwright & Co. acted as the exclusive placement agent for the offering [2] - The common stock was offered under a "shelf" registration statement that was declared effective by the SEC on October 26, 2022 [4] - The unregistered short-term warrants were offered in a private placement under Section 4(a)(2) of the Securities Act and have not been registered under the Securities Act or applicable state securities laws [5] Group 3 - Netcapital Inc. is a fintech company that provides a scalable technology platform for private companies to raise capital online and offers private equity investment opportunities to investors [7] - The company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies [7] - The company's funding portal is registered with the SEC and is a member of FINRA, and its broker-dealer is also registered with the SEC and a member of FINRA [7]
Netcapital Announces Up To $9.9 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-07-03 12:00
Core Points - Netcapital Inc. has announced a registered direct offering of 714,286 shares of common stock at a price of $7.00 per share, with expected gross proceeds of approximately $5 million [1][3] - The company will also issue unregistered short-term warrants to purchase up to 714,286 shares at an exercise price of $6.88, potentially generating an additional $4.9 million if fully exercised [1][3] - The offering is expected to close around July 7, 2025, subject to customary closing conditions [1] Financial Details - The gross proceeds from the offering are anticipated to be about $5 million before deducting fees and expenses [3] - If the unregistered short-term warrants are fully exercised, the potential additional gross proceeds will be approximately $4.9 million [3] - The net proceeds from the offering will be used for repaying certain outstanding promissory notes and for general working capital purposes [3] Regulatory Information - The common stock is being offered under a "shelf" registration statement that was declared effective by the SEC on October 26, 2022 [4] - The unregistered short-term warrants are being offered in a private placement and have not been registered under the Securities Act [5] Company Overview - Netcapital Inc. is a fintech company that provides a platform for private companies to raise capital online and offers private equity investment opportunities [7] - The company operates a registered funding portal and has a broker-dealer that is a member of FINRA [7]
Matt Morgan Joins Netcapital Crypto Advisory Board
Globenewswire· 2025-06-12 19:00
Core Insights - Netcapital Inc. has established a Crypto Advisory Board, welcoming Matt Morgan as a member, who brings extensive expertise in digital asset strategy and decentralized systems [1][2][3] - The company has announced a PIPE financing round, issuing 118,750 shares at $4.00 per share, raising gross proceeds of $475,000 [4][5] - The net proceeds from the offering will be used for general corporate purposes [5] Company Developments - The Crypto Advisory Board aims to integrate blockchain and digital assets with traditional finance, positioning Netcapital to lead in capital formation innovation [3] - The company has granted stock options to each member of the Crypto Advisory Board under its 2023 Equity Incentive Plan [3] - The shares issued in the PIPE financing are subject to a price reset provision, with a minimum price set at $2.56 [4] Industry Context - The appointment of industry leaders to the Crypto Advisory Board reflects the growing importance of decentralized finance (DeFi) and digital assets in the financial landscape [2][3] - Netcapital's funding portal is registered with the SEC and is a member of FINRA, indicating compliance with regulatory standards in the fintech sector [8]
Netcapital Announces Formation of Game Advisory Board
Globenewswire· 2025-06-12 12:30
Group 1 - Netcapital Inc. has formed a Game Advisory Board to enhance strategic growth and engagement with the online gaming community [1][2] - The Game Advisory Board consists of industry leaders with expertise in marketing, technology, partnerships, and operations, including members such as Trey Smith and Nik Redenko [2] - The CEO of Netcapital Inc. expressed confidence that the platform aligns well with the online gaming community's focus on innovation and engagement [3] Group 2 - Netcapital Inc. operates a fintech platform that enables private companies to raise capital online and offers private equity investment opportunities [4] - The company’s consulting group, Netcapital Advisors, provides marketing and strategic advice while taking equity positions in select companies [4] - Netcapital's funding portal is registered with the SEC and is a member of FINRA, ensuring compliance with regulatory standards [4]
Netcapital Portfolio Company Acquires Mixie
Globenewswire· 2025-06-09 15:28
Group 1 - Netcapital Inc. announced the acquisition of Mixie by its portfolio company Zelgor, which focuses on Web3 gaming and decentralized community engagement [1] - Mixie offers an AI-powered no-code game engine, a media network with over 100 million monthly impressions, and an accelerator model for early-stage crypto projects [2] - Zelgor aims to leverage Mixie's technology and media reach to enhance its capabilities in both Web2 and Web3 environments [3] Group 2 - Zelgor is an interactive entertainment company known for its media franchise "Noobs," featuring a unique universe of aliens [3] - Notable investors in Zelgor include Tim Draper and Kai Huang, with team members having experience in successful games like The Sims and Bioshock Infinite [3] - Netcapital Inc. operates a scalable technology platform for private companies to raise capital online and offers private equity investment opportunities [4]
Get In Early: Macrovey is LIVE on Netcapital!
GlobeNewswire News Room· 2025-05-14 12:40
Alpharetta, GA, May 14, 2025 (GLOBE NEWSWIRE) -- Industrial automation is at a turning point, and Macrovey is inviting forward-thinking investors to be part of what comes next. Now live on Netcapital, Macrovey is offering a unique opportunity to invest in a company that's reshaping how industries approach automation through its patented, hardware-agnostic solutions. Recent Recognition and Industry Momentum As global tariffs and supply chain disruptions continue to challenge operations, Macrovey offers compa ...
Netcapital Portfolio Company Acquires Spellbook Studio
Newsfilter· 2025-04-23 12:30
The Infinite Black 2 is available for download using the following link: https://linktr.ee/Zelgor About Zelgor BOSTON, MA, April 23, 2025 (GLOBE NEWSWIRE) -- Netcapital Inc. (NASDAQ:NCPL, NCPLW)) (the "Company"), a digital private capital markets ecosystem, today announced that Netcapital portfolio company, Zelgor, has acquired Spellbook Studio, creators of The Infinite Black & The Infinite Black 2. The Infinite Black franchise is a space combat Massive Multiplayer Online game (MMO) and was one of the first ...
MAGFAST Raises More Than $10 Million Across Multiple Offerings on Netcapital
GlobeNewswire News Room· 2025-04-17 12:30
Group 1 - MAGFAST has successfully raised over $10 million through multiple offerings on the Netcapital funding portal, marking it as the second largest total amount raised under Regulation Crowdfunding (Reg CF) in the consumer packaged goods industry [1] - MAGFAST specializes in designing and marketing a range of charging products for personal electronics, including a modular system of wireless and wired chargers aimed at enhancing convenience for users [2][3] - Netcapital Inc. operates a scalable technology platform that facilitates capital raising for private companies and offers private equity investment opportunities, with its funding portal registered with the SEC and a member of FINRA [3] Group 2 - The MAGFAST offering is available for a limited time on the Netcapital platform, allowing investors to review details, risks, and disclosures [2] - The company continues to expand its product offerings with innovative charging solutions, indicating a growth strategy focused on enhancing user experience [2]
Avadain Raises Over $1.275 Million in First 24 Hours on Netcapital
Globenewswire· 2025-04-10 12:30
Group 1 - Netcapital Inc. announced that Avadain raised over $1.275 million within the first 24 hours of its third offering on the Netcapital funding portal [1] - Avadain is a Tennessee-based company with globally patented technology for manufacturing graphene, which can be used as an additive material in various applications across growth industries [3] - Netcapital Inc. operates a scalable technology platform that enables private companies to raise capital online and offers private equity investment opportunities [4] Group 2 - The offering from Avadain is available for a limited time on the Netcapital platform, where investors can review details, risks, and disclosures [2]
Netcapital (NCPL) - 2025 Q3 - Earnings Call Transcript
2025-03-19 15:20
Financial Data and Key Metrics Changes - Revenues for Q3 Fiscal 2025 decreased by $890,111 or approximately 85% to $152,682 compared to $1,042,793 in Q3 Fiscal 2024 [4] - The operating loss for Q3 Fiscal 2025 was reported at $1,687,692, compared to an operating loss of $1,205,157 in Q3 Fiscal 2024 [5] - The net loss for Q3 Fiscal 2025 was approximately $3,006,537, compared to a net loss of approximately $2.2 million in the same period of the prior year [5] - A net loss per share of $1.57 was reported for Q3, compared to a loss of $13.60 per share for the same period in the prior year [6] Business Line Data and Key Metrics Changes - The decline in revenue was primarily attributed to the lack of consulting service revenue for equity securities in Q3 2025, which was $862,346 in Q3 2024 [5] Company Strategy and Development Direction - The company has shifted focus towards establishing its broker-dealer subsidiary, Netcapital Securities, Inc., which received FINRA approval on November 22, 2024 [5][10] - The broker-dealer is now approved to handle private placements of securities, support companies raising equity capital under Reg A and Reg D, and partner with other broker-dealers [9][10] Management's Comments on Operating Environment and Future Outlook - Management remains cautiously optimistic despite the uncertain market environment and looks forward to updating stakeholders on progress [11] Other Important Information - An impairment charge of $1.3 million was recorded for one of the portfolio companies during Q3 [6] Q&A Session Summary - No specific questions or answers were documented in the provided content, as the call transitioned directly to the conclusion after management's remarks [12][13]