Signs PureWave Hydrogen as Initial Client BOSTON, MA, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Netcapital Inc. (NASDAQ: NCPL, NCPLW), a digital private capital markets ecosystem, today announced that it has engaged its first issuer of tokenized assets. As part of this initiative, Netcapital has commenced work with PureWave Hydrogen Corp. (TSX.V: PWH), a company listed on the TSX Venture Exchange, to structure a securities-based tokenization of hydrogen drilling assets located in the Mid-Continent Kansas shelf. Net ...

Core Insights - Netcapital Inc. reported its financial results for the second quarter of fiscal 2026, highlighting a significant decrease in total revenues compared to the previous year, primarily due to lower funding portal activity [3][9] - The company is expanding its offerings to include cryptocurrency and blockchain financing, aiming to attract new clients and diversify its revenue streams [2][8] - A recent strategic acquisition of Rivetz Corp. is expected to enhance Netcapital's capabilities in the blockchain space, positioning the company for future growth in the tokenized asset market [2][4] Financial Highlights - Total revenues for the second quarter were $51,076, down from $170,528 in the same quarter last year, reflecting a decrease of approximately 70% [9][14] - The operating loss was reported at $2,119,457, slightly improved from a loss of $2,202,431 in the prior-year quarter [9][14] - The net loss per share was ($0.44), compared to ($2.34) in the same period last year, indicating a significant reduction in losses [9][14] Balance Sheet Overview - As of October 31, 2025, cash and cash equivalents increased to $1,684,188 from $289,428 at April 30, 2025 [12] - Total assets rose to $25,439,398 from $20,901,491, indicating a growth in the company's asset base [12][13] - Total liabilities decreased to $4,002,600 from $5,995,767, reflecting improved financial health [12][13] Strategic Initiatives - The company plans to enhance its platform to facilitate online capital raising for private companies through cryptocurrency and blockchain financing [2][8] - The acquisition of Rivetz Corp. is aimed at integrating hardware-based cybersecurity with blockchain services, which is expected to drive long-term growth [4][2]