Matt Morgan Joins Netcapital Crypto Advisory Board

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]