Netcapital (US:NCPL) Globenewswire·2025-07-07 20:05Group 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]