Security
Netcapital Inc. Warrants · NCPLW
NCPLWNASDAQWarrantCurrentCIK 1414767Updated Oct 15, 2026
Name history
ValueSetters Inc. · through Nov 5, 2020ValueSetters Corp · through Sep 24, 2014
NCPLW price & chart
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NASDAQ:NCPLW on TradingView ↗About the company
Netcapital.com is an SEC-registered funding portal that enables private companies to raise capital online, while investors are able to invest from almost anywhere in the world, at any time, with just a few clicks. Securities offerings on the portal are accessible through individual offering pages, where companies include product or service details, market size, competitive advantages, and financial documents. Companies can accept investments from virtually anyone, including friends, family, customers, employees, etc. Customer accounts on our platform are not permitted to hold digital securities.
In the news
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Recent filings
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing · Changes in Registrant's Certifying Accountant
Items 3.01, 4.01, 9.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Items 3.01, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Items 3.01, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Items 5.02, 8.01, 9.01
Show 5 more recent filings
Changes in Registrant's Certifying Accountant · Non-Reliance on Previously Issued Financial Statements or a Related Audit Report
Items 4.01, 4.02, 9.01
Entry into a Material Definitive Agreement · Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing · Unregistered Sales of Equity Securities · Regulation FD Disclosure
Items 1.01, 3.01, 3.02, 7.01, 9.01
NT 10-K filing
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Items 1.01, 3.02, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Unregistered Sales of Equity Securities · Regulation FD Disclosure
Items 1.01, 2.03, 3.02, 7.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2026 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 26,059,855Source | 39,900,677Source | 44,135,447Source | 25,439,398Source | 41,937,918Source | 44,679,261Source | 28,432,302Source | 41,440,970Source | 20,901,491Source | 41,557,306Source | 41,820,093Source | 31,760,524Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 19,151,139Source | 14,706,398Source | 15,790,304Source | 17,519,791Source | 14,715,267Source | 15,818,635Source | 17,528,660Source | 14,724,136Source | 14,697,529Source | 14,733,005Source | — | — |
| Current assets: | ||||||||||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,231Source | — | 3,701,501Source | 12,471Source | 17,151Source | 2,899,667Source | 20,000Source | — | 78,649Source | 134,849Source | 1,388,500Source | 2,433,900Source |
| Assets, CurrentUSD | 1,041,921Source | 672,819Source | 6,052,065Source | 2,006,607Source | 1,416,010Source | 3,920,425Source | 4,992,152Source | 924,941Source | 399,612Source | 1,042,535Source | 2,540,971Source | 2,914,187Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 4,457,207Source | 4,930,412Source | 3,832,646Source | 4,002,600Source | 4,531,595Source | 5,551,700Source | 5,305,386Source | 3,932,517Source | 5,995,767Source | 3,616,698Source | 5,663,641Source | 6,522,663Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 6,848Source | 2,113Source | 17,231Source | 4,918Source | 1,842Source | 9,459Source | 4,720Source | 579Source | 2,192Source | 22,880Source | 6,441Source | 2,934Source |
| Additional Paid in CapitalUSD | 57,001,947Source | 42,120,673Source | — | 55,025,183Source | — | 33,682,137Source | 54,586,010Source | — | 42,525,294Source | — | 30,500,944Source | 22,479,769Source |
| Retained Earnings (Accumulated Deficit)USD | -35,406,147Source | -7,274,645Source | 3,086,299Source | -33,593,303Source | -4,268,108Source | 5,313,841Source | -31,463,814Source | -2,047,607Source | -27,821,762Source | 479,563Source | 5,465,880Source | 2,510,908Source |
| Stockholders' Equity Attributable to ParentUSD | 21,602,648Source | 34,970,265Source | 40,302,801Source | 21,436,798Source | 37,406,323Source | 39,127,561Source | 23,126,916Source | 37,508,453Source | 14,905,724Source | 37,940,608Source | 36,156,452Source | 25,237,861Source |
| Additional Paid in Capital, Common StockUSD | — | — | 37,077,147Source | — | 41,550,465Source | — | — | 39,433,217Source | — | 37,316,041Source | — | — |
| Liabilities and EquityUSD | 26,059,855Source | 39,900,677Source | 44,135,447Source | 25,439,398Source | 41,937,918Source | 44,679,261Source | 28,432,302Source | 41,440,970Source | 20,901,491Source | 41,557,306Source | 41,820,093Source | 31,760,524Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 3,964,764Source | 4,430,412Source | 3,332,646Source | 3,506,760Source | 4,031,595Source | 5,051,700Source | 4,805,386Source | 3,432,517Source | 5,495,767Source | 3,116,698Source | 5,163,641Source | 6,027,590Source |
| Accounts Payable, CurrentUSD | 1,667,240Source | 2,160,727Source | — | 1,277,326Source | 1,815,823Source | — | 1,934,537Source | 1,180,487Source | 2,941,108Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 262,271Source | 250,983Source | 394,911Source | 199,717Source | 199,189Source | 415,603Source | 235,448Source | 236,758Source | 269,971Source | 310,300Source | 285,065Source | 229,867Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | — | — | 1,657,000Source | 1,696,000Source |
| Long-term DebtUSD | 492,443Source | 500,000Source | 500,000Source | 495,840Source | 500,000Source | 500,000Source | 500,000Source | 500,000Source | 500,000Source | 500,000Source | 500,000Source | 495,073Source |
| Long-term Debt, Current MaturitiesUSD | 1,927,681Source | 1,920,124Source | 1,935,124Source | 1,924,284Source | 1,920,124Source | 1,935,124Source | 2,520,124Source | 1,920,124Source | 2,183,561Source | 1,920,124Source | 2,285,124Source | 3,647,911Source |
| Deferred Revenue, Current | —Source | — | — | —Source | — | — | — | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2026 | Q3 2025 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 368,523Source | 139,371Source | 139,371Source | 139,371Source | 516,073Source | 139,371Source | 757,484Source | 1,324,917Source | 269,577Source | 1,176,058Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -58,649Source | -134,849Source | -52,066Source | 293,849Source | -1,039,957Source | 1,153,598Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -4,214,258Source | -1,963,645Source | -5,339,211Source | -4,879,838Source | -4,617,200Source | -3,006,667Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | — | — | — | -20,000Source | 200,000Source | -319,166Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 8,487,321Source | 1,955,644Source | 4,765,457Source | 5,193,579Source | 4,512,716Source | 1,325,799Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 715,443Source | 614,304Source | 1,684,188Source | 1,346,739Source | 4,562,491Source | 855,181Source | 289,428Source | 863,182Source | 569,441Source | 473,925Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 8,157Source | 8,244Source | 32,852Source | 50,265Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 54,298Source | 8,869Source | 8,869Source | 8,869Source | 8,869Source | 8,869Source | 35,476Source | 93,862Source | 96,407Source | — |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | — | — | — | — | — | — | — | — | 18,050Source | — | — | — |
| General and Administrative ExpenseUSD | — | — | 874,545Source | 921,575Source | 1,202,288Source | 1,504,390Source | 1,568,506Source | 1,380,256Source | 5,216,053Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | — | -2,339,288Source | 854,000Source | 544,000Source |
| InterestExpenseNonoperatingUSD | — | — | 24,076Source | 10,376Source | 12,204Source | 9,601Source | 36,067Source | 10,464Source | 41,289Source | 45,990Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -1,812,844Source | -3,006,537Source | -2,129,489Source | -2,220,501Source | -3,642,052Source | -2,527,170Source | -28,301,325Source | -4,986,317Source | 2,954,972Source | 3,503,530Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -1,812,844Source | -3,006,537Source | -2,129,489Source | -2,220,501Source | -3,642,052Source | -2,527,170Source | -28,301,325Source | -4,986,317Source | 2,954,972Source | 3,503,530Source |
| Nonoperating Income (Expense)USD | — | — | 361,491Source | -1,318,845Source | -10,032Source | -18,070Source | -356,404Source | -18,933Source | -19,980,008Source | -3,883,217Source | — | 5,078,676Source |
| Operating Lease, ExpenseUSD | — | — | 21,300Source | 20,178Source | 21,300Source | 19,442Source | 22,852Source | 19,116Source | 79,568Source | 76,117Source | — | — |
| Other Nonoperating Income (Expense)USD | — | — | — | — | — | — | — | 400Source | 1,200Source | 1,200Source | — | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 8,507,171Source | — | 1,979,000Source | 5,538,611Source | — | 625,799Source |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | — | — | — | — | -406,060Source | — |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | -49,950Source | — | — | — | 44,945Source | — | 18,050Source | -2,696,135Source | — | — |
| Induced Conversion of Convertible Debt Expense | — | — | —Source | — | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2026 | Q3 2025 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 94,347Source | 152,682Source | 51,076Source | 170,528Source | 190,058Source | 142,227Source | 869,460Source | 4,951,435Source | 8,493,985Source | 5,480,835Source |
| Cost of Goods and Services Sold | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Selling, General and Administrative ExpenseUSD | — | — | — | — | — | 1,492,182Source | — | 1,380,256Source | — | 3,427,026Source | 1,740,698Source | 1,602,031Source |
| Operating Income (Loss)USD | — | — | -2,174,335Source | -1,687,692Source | -2,119,457Source | -2,202,431Source | -3,285,648Source | -2,508,237Source | -8,321,317Source | -3,442,388Source | 2,271,876Source | -1,031,146Source |
| Other Nonoperating Income (Expense)USD | — | — | — | — | — | — | — | 400Source | 1,200Source | 1,200Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -1,812,844Source | -3,006,537Source | -2,129,489Source | -2,220,501Source | -3,642,052Source | -2,527,170Source | -28,301,325Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | — | -2,339,288Source | 854,000Source | 544,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -1,812,844Source | -3,006,537Source | -2,129,489Source | -2,220,501Source | -3,642,052Source | -2,527,170Source | -28,301,325Source | -4,986,317Source | 2,954,972Source | 3,503,530Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.32Source | -1.57Source | -0.44Source | -2.34Source | -1.27Source | -5.1Source | -20.39Source | -0.41Source | 0.63Source | 1.31Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.32Source | -1.57Source | -0.44Source | -2.34Source | -1.27Source | -5.1Source | -20.39Source | -0.41Source | 0.63Source | 1.27Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 5,612,356Source | 1,915,367Source | 4,810,381Source | 947,459Source | 2,873,379Source | 495,319Source | 1,387,666Source | 12,105,577Source | 4,677,214Source | 2,666,173Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 5,612,356Source | 1,915,367Source | 4,810,381Source | 947,459Source | 2,873,379Source | 495,319Source | 1,387,666Source | 12,105,577Source | 4,677,464Source | 2,748,480Source |
| Interest Expense (non-operating)USD | — | — | 24,076Source | 10,376Source | 12,204Source | 9,601Source | 36,067Source | 10,464Source | 41,289Source | 45,990Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 54,298Source | 8,869Source | 8,869Source | 8,869Source | 8,869Source | 8,869Source | 35,476Source | 93,862Source | 96,407Source | — |
| Costs and ExpensesUSD | — | — | 2,266,859Source | 1,833,219Source | 2,168,656Source | 2,353,178Source | 3,468,297Source | 2,640,244Source | 9,150,433Source | 8,285,763Source | 6,137,071Source | 6,401,866Source |
| Debt Securities, Gain (Loss)USD | — | — | — | — | — | — | — | — | — | — | 224,260Source | — |
| General and Administrative ExpenseUSD | — | — | 874,545Source | 921,575Source | 1,202,288Source | 1,504,390Source | 1,568,506Source | 1,380,256Source | 5,216,053Source | — | — | — |
| Gross ProfitUSD | — | — | 92,524Source | 145,527Source | 49,199Source | 150,747Source | 182,649Source | 132,007Source | 829,116Source | 4,843,375Source | 8,408,947Source | 5,370,720Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | -2,220,501Source | — | -2,527,170Source | — | -7,325,605Source | 3,808,972Source | 4,047,530Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | -0.32Source | -1.57Source | -0.44Source | -2.34Source | -1.27Source | -5.1Source | -20.39Source | -0.41Source | 0.63Source | 1.31Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | -0.32Source | -1.57Source | -0.44Source | -2.34Source | -1.27Source | -5.1Source | -20.39Source | -0.41Source | 0.63Source | 1.27Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 93,842Source | 126,372Source |
| Labor and Related ExpenseUSD | — | — | 1,097,998Source | 815,024Source | 856,433Source | 749,701Source | 1,793,450Source | 1,136,593Source | 3,502,166Source | 3,838,640Source | 3,646,490Source | 3,763,845Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -1,812,844Source | -3,006,537Source | -2,129,489Source | -2,220,501Source | -3,642,052Source | -2,527,170Source | -28,301,325Source | -4,986,317Source | 2,954,972Source | 3,503,530Source |
| Nonoperating Income (Expense)USD | — | — | 361,491Source | -1,318,845Source | -10,032Source | -18,070Source | -356,404Source | -18,933Source | -19,980,008Source | -3,883,217Source | — | 5,078,676Source |
| Operating Lease, ExpenseUSD | — | — | 21,300Source | 20,178Source | 21,300Source | 19,442Source | 22,852Source | 19,116Source | 79,568Source | 76,117Source | — | — |
| Other Cost and Expense, OperatingUSD | — | — | — | — | — | — | — | 6,400Source | — | 6,400Source | — | — |
| Other IncomeUSD | — | — | — | — | — | — | — | — | — | — | 51,645Source | 25,007Source |
| Other Operating IncomeUSD | — | — | — | — | — | — | — | — | — | — | 1,537,096Source | — |
| Realized Investment Gains (Losses)USD | — | — | — | — | — | — | — | — | — | — | -406,060Source | — |
| Interest Income, Other | — | — | —Source | —Source | —Source | —Source | — | —Source | — | — | — | — |
Offerings
Registration 333-289711
Registration 333-286555
Filing attachments
ex99-1.htm · 8-K · 2026-10-14
Exhibit 99.1 Netcapital Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement Engages Adeptus Partners as Independent Registered Public Accounting Firm BOSTON, MA, October 14, 2026 - Netcapital Inc. (Nasdaq: NCPL) (the “Company”) today announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on October 7, 2026, notifying the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Li…
Read attachment ↗ex99-1.htm · 8-K · 2026-09-25
Exhibit 99.1 Netcapital Inc. Receives Nasdaq Notice Related to Delayed Quarterly Report on Form 10-Q BOSTON, MA, September 25, 2026 - Netcapital Inc. (Nasdaq: NCPL) (the “Company”) today announced that on September 21, 2026, it received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that, because the Company has not yet filed its Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2026, and remains delinquent in filing its …
Read attachment ↗ex99-1.htm · 8-K · 2026-08-28
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Netcapital Inc. Announces Receipt of Nasdaq Notification Regarding Delayed Annual Report on Form 10-K BOSTON, Massachusetts - August 28, 2026 - Netcapital Inc. (Nasdaq: NCPL) (the “Company”) today announced that on August 24, 2026 it received a delinquency notification letter (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the Company has not yet filed its Annua…
Read attachment ↗ex99-1.htm · 8-K · 2026-08-10
EX-99.1 5 ex99-1.htm EX-99.1 Exhibit 99.1 Netcapital Inc. Granted Additional 180-Day Nasdaq Compliance Period for Minimum Bid Price Requirement BOSTON, MA, August 10, 2026 - Netcapital Inc. (Nasdaq: NCPL) (the “Company”) Today announced that it has received written notification from the Nasdaq Listing Qualifications Staff (“Nasdaq Staff”) granting the Company an additional 180 calendar days, until February 1, 2027, to regain compliance with Nasdaq’s minimum $1.00 bid price requirement unde…
Read attachment ↗ex4-1.htm · 8-K · 2026-07-09
EX-4.1 2 ex4-1.htm EX-4.1 Exhibit 4.1 NEITHER THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE …
Read attachment ↗ex4-1.htm · 8-K · 2026-07-08
EX-4.1 2 ex4-1.htm EX-4.1 Exhibit 4.1 NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN…
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