Core Insights - Netcapital Inc. has received approval from FINRA for its subsidiary, Netcapital Securities Inc., to operate as a FINRA-member broker-dealer [1][2] - The approval allows Netcapital Securities Inc. to engage in private placements of securities and referral business, supporting companies in raising equity capital under Regulation A and Regulation D [2][3] - This development positions Netcapital to facilitate larger fundraises and offer a wider range of investment opportunities to its investor base [3][4] Company Overview - 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 [5] - The company also has a consulting group, Netcapital Advisors, which provides marketing and strategic advice while taking equity positions in select companies [5] - The funding portal, Netcapital Funding Portal, Inc., is registered with the SEC and is a member of FINRA [5]

Financial Performance - Revenue decreased approximately 91% year-over-year to $142,227, compared to $1,519,809 in the first quarter of fiscal year 2024[3] - Total funding portal revenues decreased approximately 62% year-over-year to $142,056, compared to $375,856 in the first quarter of fiscal 2024[3] - Operating loss for the first quarter fiscal 2025 was ($2,508,237), an increase of 235% compared to ($749,020) for the same period in the prior year[3] - Net loss for the first quarter fiscal 2025 was ($2,527,170), an increase of 414% compared to a net loss of ($491,655) for the same period in the prior year[3] - Loss per share increased approximately 11% to ($5.10) compared to ($4.61) for the same period in the prior year[3] Cash and Assets - As of July 31, 2024, the Company had cash and cash equivalents of $855,181[4] - Total assets as of July 31, 2024, were $41,440,970, a slight decrease from $41,557,306 as of April 30, 2024[8] Liabilities - Total current liabilities increased to $3,432,517 as of July 31, 2024, compared to $3,116,698 as of April 30, 2024[8] Business Development - The Company announced the launch of a beta version of a secondary trading platform through Templum ATS in July 2024[2] - Netcapital Securities Inc. applied for broker-dealer registration with FINRA to expand revenue opportunities[2]

Management to Host Earnings Call on September 17, 2024 at 11:00 a.m. ET BOSTON, MA, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the "Company"), a digital private capital markets ecosystem, today announced financial results for the first quarter of fiscal year 2025 ended July 31, 2024. "This was a challenging quarter for us, driven primarily by a decrease in revenues for services that we provide in exchange for equity securities," said Martin Kay, CEO of Netcapital Inc. "However ...

BOSTON, MA, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the "Company"), a digital private capital markets ecosystem, announced today that Martin Kay, CEO, will present virtually at the H.C. Wainwright 26th Annual Global Investment Conference being held in New York, NY, from September 9 – 11th, 2024. Conference Details Presentation Date/Time: On demand - September 9th at 7:00 A.M. ET Location: Lotte Palace Hotel and Virtually Registration: Available on the conference website. 1x ...

The Reverse Stock Split was approved by the Company's shareholders at the Company's Special Meeting of Shareholders, held on July 24, 2024, with the final ratio to be determined by the Board. The Company has filed an amendment to its Articles of Incorporation (the "Charter") to implement the Reverse Stock Split as of the Effective Time. The primary goal of the Reverse Stock Split is to increase the per share market price of the Common Stock to regain compliance with the minimum $1.00 per share bid price req ...

The Reverse Stock Split was approved by the Company's shareholders at the Company's Special Meeting of Shareholders, held on July 24, 2024, with the final ratio to be determined by the Board. The Company has filed an amendment to its Articles of Incorporation (the "Charter") to implement the Reverse Stock Split as of the Effective Time. The primary goal of the Reverse Stock Split is to increase the per share market price of the Common Stock to regain compliance with the minimum $1.00 per share bid price req ...

Exhibit 99.1 Netcapital Announces Full Year Fiscal 2024 Financial Results ● Management to Host Earnings Call on July 30, 2024 at 11 a.m. ET BOSTON, MA – July 29, 2024 – Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the "Company"), a digital private capital markets ecosystem, today announced select financial results for the full fiscal year 2024 ended April 30, 2024. "We saw significant growth in key areas despite a challenging economic environment," said Martin Kay, CEO of Netcapital Inc. "While there were decreas ...

"We saw significant growth in key areas despite a challenging economic environment," said Martin Kay, CEO of Netcapital Inc. "While there were decreases in both top and bottom line, we remain optimistic about the future, particularly with portal fees increasing over 100% during the year." Conference Call Information BOSTON, MA, July 29, 2024 (GLOBE NEWSWIRE) -- Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the "Company"), a digital private capital markets ecosystem, today announced select financial results for the ...

Management to Host Earnings Call on July 30, 2024 at 11 a.m. ET "We saw significant growth in key areas despite a challenging economic environment," said Martin Kay, CEO of Netcapital Inc. "While there were decreases in both top and bottom line, we remain optimistic about the future, particularly with portal fees increasing over 100% during the year." Revenues decreased by approximately 42% year-over-year to $4.9 million, compared to revenue of $8.5 million for full fiscal year 2023. Revenue from portal fee ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41443 Securities registered under Section 12(b) of the Exchange Act: Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated Filer ☒ Smaller reporting company ☒ Emerging growth company ☐ Indicate by check mark whether any of those error corrections are re ...