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Netcapital Announces Closing of Up To $5.9 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-07-17 20:05
Group 1 - The company, Netcapital Inc., closed a registered direct offering, selling 641,712 shares of common stock at a price of $4.675 per share, generating approximately $3 million in gross proceeds [1][3] - In a concurrent private placement, the company issued unregistered short-term warrants to purchase an additional 641,712 shares at an exercise price of $4.55 per share, potentially adding up to $2.9 million in gross proceeds if fully exercised [1][3] - The net proceeds from the offering will be used for repaying 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 declared effective by the SEC on October 26, 2022, and the offering was made only by means of a prospectus [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 and broker-dealer are both registered with the SEC and are members of FINRA [7]
Netcapital Announces Up To $5.9 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-07-16 17:40
Group 1 - Netcapital Inc. has entered into agreements for the purchase and sale of 641,712 shares of common stock at a price of $4.675 per share in a registered direct offering [1][3] - The offering is expected to generate approximately $3 million in gross proceeds, with an additional potential of $2.9 million from unregistered short-term warrants if fully exercised [3][4] - The company intends to use the net proceeds for the repayment of certain outstanding promissory notes and for general working capital purposes [3] Group 2 - H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering [2] - 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 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 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 and broker-dealer are both registered with the SEC and are members of FINRA [7]
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
Core Insights - Industrial automation is at a pivotal moment, with Macrovey offering investment opportunities in its innovative, hardware-agnostic solutions that are transforming industry automation [1] - Macrovey's proprietary software integrates seamlessly across various robotic platforms, allowing businesses to select the best tools for their operational needs, unlike traditional systems that limit provider choices [2] - The company's mission focuses on creating intelligent automation systems that not only enhance operational efficiency but also foster career growth for employees by freeing them from repetitive tasks [3] Company Performance - Macrovey has demonstrated consistent revenue exceeding $10 million annually through its ASBECO division over the past four years, validating its capability to deliver substantial value [4] - The company has established partnerships with major industry players such as Amazon, FedEx, Walmart, and UPS, further affirming its enterprise-level capabilities [4] - Macrovey is strategically positioned to leverage the industrial automation market, which is projected to reach $395 billion by 2029 [5] Industry Context - In light of global tariffs and supply chain disruptions, Macrovey's systems provide a forward-looking strategy that reduces dependence on offshore labor and imported goods, enabling continuous production and adaptability to regulatory changes [6] - The company has received recognition for its contributions to automation, including the 2024 Warehouse Initiative Award and a strategic partnership with the U.S. Air Force [9] Investment Opportunity - Macrovey's campaign on Netcapital has attracted significant investor interest, reflecting the company's strong value proposition and potential for transformative impact [7] - The company's vision extends beyond automation, aiming to create resilient businesses and sustainable industries, as articulated by its Director of Marketing [8]
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]