Netcapital Appoints Todd Violette as Chief Executive Officer
Netcapital (Nasdaq: NCPL, NCPLW) appointed Todd Violette as Chief Executive Officer effective April 16, 2026.
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Rhea-AI Summary
Netcapital (Nasdaq: NCPL, NCPLW) appointed Todd Violette as Chief Executive Officer effective April 16, 2026.
Mr. Violette brings over 25 years of leadership across capital markets, fintech and digital‑asset businesses, with prior CEO and CIO roles. The Board said the move aims to accelerate capital formation, expand platform reach, and build long‑term shareholder value. The outgoing CEO, Rich Wheeless, had his contract terminated by the Board.
Positive
- Todd Violette named CEO effective April 16, 2026
- 25+ years of relevant capital markets and fintech leadership
- Board cites intent to accelerate capital formation and platform reach
Negative
- Outgoing CEO Rich Wheeless contract terminated by the Board
- Transition timing and operational impact not specified
Details
News Market Reaction – NCPL
On Apr 17, the first trading day after this news, NCPL closed 3.90% below the previous close.
Data tracked by StockTitan Argus for the Apr 17 session.
Key Figures
- Registered resale shares
- 1,879,090 shares
- 424B3 prospectus filed Apr 14, 2026
- Potential warrant proceeds
- $9.21M
- If all registered warrants are cash-exercised
- Pro forma shares
- 9,608,239 shares
- Assuming full cash exercise of registered warrants
- Shelf size
- $50,000,000
- Form S-3 shelf registration filed Oct 21, 2025
- Unsold prior securities
- $9,004,894.40
- Carried forward under Rule 415(a)(6) from prior registration
- Shares outstanding
- 4,917,889 shares
- As of Oct 21, 2025
- Warrant shares
- 1,760,340 shares
- Shares issuable upon exercise of warrants in 424B3
- Leadership experience
- 25 years
- Todd Violette’s capital markets and fintech leadership background
Historical Context
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Weak Q3 FY26 results with declining revenue and wider operating loss.
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First tokenization client signed for hydrogen drilling assets.
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Acquisition of Iverson Design AI design and rendering technology.
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Q2 FY26 results show low revenue and continued operating losses.
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1,000,000-share restricted stock award granted under Nasdaq Rule 5635(c)(4).
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BOSTON, MA, April 16, 2026 (GLOBE NEWSWIRE) -- Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the "Company"), a publicly traded fintech company that gives companies access to capital markets infrastructure without institutional-scale fees, today announced that its Board of Directors has appointed Mr. Violette to lead the Company in order to accelerate capital formation, expand platform reach, and build long-term shareholder value.
Mr. Violette brings over 25 years of leadership experience across capital markets, fintech and digital asset-related businesses. His recent operating and executive roles have included CEO of CloudCover International, CEO of AppYea Inc., CEO of Vinergy, Chief Investment Officer of ESG Global Strategies, and Independent Director of Israeli NASDAQ-listed Therapix, reflecting a mix of public-company, private-company, and strategic advisory experience.
“Todd brings strong capital markets, fintech and strategic leadership experience to Netcapital at an important time for the Company,” said Netcapital Board member, Arnie Scott. “We believe his extensive background in emerging growth businesses will help the Company sharpen execution, support entrepreneurs and investors on the Netcapital platform, and pursue opportunities to enhance long-term shareholder value.”
“I am excited to step into the role of CEO at Netcapital,” said Todd Violette, Chief Executive Officer of Netcapital. “Netcapital has built a differentiated platform at the intersection of technology, entrepreneurship and private capital formation. I look forward to working closely with the Board, management team and stakeholders to strengthen execution and build momentum across the business.”
Mr. Violette replaces CEO Rich Wheeless, whose contract was terminated by the Board. The Company will provide additional updates as appropriate.
About Netcapital Inc.
Netcapital Inc. (Nasdaq: NCPL) is a publicly traded fintech company offering a comprehensive, turnkey platform for companies seeking to raise capital and build toward their full potential. Netcapital gives business owners the infrastructure, knowledge, and investor network to build a company; combining an SEC-registered funding portal, a FINRA-member broker-dealer, and a full-service technology and advisory group into a single integrated engagement. Where most capital markets programs are built for companies that are already large, Netcapital is built for companies that are getting there. The question the Company asks every client is simple: What does your company look like in five years if capital is not a constraint? The platform exists to make that answer real. Netcapital Funding Portal, Inc. and Netcapital Securities Inc. are registered with the U.S. Securities and Exchange Commission and are members of the Financial Industry Regulatory Authority (FINRA).
Forward Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Investor Contact
800-460-0815
ir@netcapital.com
FAQ
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