Netcapital Inc. Granted Additional 180-Day Nasdaq Compliance Period for Minimum Bid Price Requirement

Rhea-AI Summary

Netcapital (Nasdaq: NCPL) received a written notice from Nasdaq granting an additional 180-day period, until February 1, 2027, to regain compliance with the $1.00 minimum bid price requirement under Listing Rule 5550(a)(2). NCPL shares continue to trade on the Nasdaq Capital Market.

The original 180-day compliance window ended August 3, 2026, without regaining compliance. Nasdaq granted the extension because Netcapital meets all other applicable initial listing requirements, including market value of publicly held shares, and has indicated plans to cure the deficiency, potentially via a reverse stock split. Failure to regain compliance may lead to a delisting determination.

Positive

• 180-day extension to regain $1.00 minimum bid price compliance, until February 1, 2027
• Shares will continue trading on Nasdaq Capital Market under symbol NCPL during the extension
• Company currently meets all other applicable Nasdaq initial listing requirements besides minimum bid price
• Nasdaq notes the Company has submitted an intention to cure the bid-price deficiency, including possible reverse split

Negative

• Company failed to regain compliance during the initial 180-day period ending August 3, 2026
• If compliance is not regained by February 1, 2027, Nasdaq Staff is expected to issue a delisting determination
• Any Nasdaq hearing request would not stay the trading suspension because this is a second 180-day period
• Potential need for a reverse stock split to cure the bid-price deficiency, which can impact share structure

News Explained

Trading continues; the release does not commit to a reverse split, which would alter share count and per-share price but not value by itself.

The additional 180-day period extends Netcapital’s Nasdaq compliance timetable to February 1, 2027; its common stock continues trading, with no immediate ownership change disclosed.

The company identifies a reverse stock split as a possible cure if necessary. A reverse stock split consolidates shares and raises the per-share price proportionally, while the split itself does not change company value.

If the bid-price deficiency is not cured by February 1, 2027, Nasdaq is expected to issue a delisting determination. A timely hearing request would not stay a trading suspension while the Hearings Panel considers the matter.

Market Context

NCPL had an active, effective S-3 shelf dated 2025-10-21, while risk data classified short positioni...

Analysis

NCPL had an active, effective S-3 shelf dated 2025-10-21, while risk data classified short positioning as low. Against this listing update, the platform record highlighted financing capacity and continued compliance risk to monitor.

Key Figures

Additional compliance period: 180 calendar days Compliance deadline: February 1, 2027 Minimum bid price: $1.00 per share +5 more

8 metrics

Additional compliance period 180 calendar days Nasdaq minimum bid-price deficiency

Compliance deadline February 1, 2027 End of additional Nasdaq compliance period

Minimum bid price $1.00 per share Nasdaq Listing Rule 5550(a)(2)

Prior deficiency duration 30 consecutive business days Closing bid price below $1.00 before initial notice

Initial compliance period 180 calendar days Period ending August 3, 2026

Required compliance duration 10 consecutive business days Minimum closing bid price requirement during additional period

Possible extended maintenance period 20 consecutive business days Discretionary Nasdaq requirement before sustained compliance determination

Delisting determination February 1, 2027 Expected if compliance is not regained by deadline

Historical Context

5 past events · Latest: Jul 31 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 31	SEC stay update	Positive	+0.7%	Nasdaq minimum market-value delisting rule remained stayed pending full SEC Commission review.
Jun 10	Conference call notice	Neutral	+2.1%	Company scheduled an investor conference call covering strategy, acquisitions, and integration efforts.
Jun 04	Acquisition LOI	Positive	+1.0%	Non-binding agreement contemplated acquisition of Resmac mortgage banking assets for preferred shares.
May 28	AI asset acquisition	Positive	-38.5%	Company acquired NetNudge AI assets using preferred shares with revenue-based additional consideration.
May 22	Business update call	Neutral	-0.1%	Company scheduled a business update conference call addressing strategic direction and platform expansion.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive announcements produced two gains and one sharp decline, while conference notices had mixed reactions.

Key Terms

reverse stock split

1 terms

reverse stock split financial

"including through a reverse stock split if necessary"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BOSTON, MA, Aug. 10, 2026 (GLOBE NEWSWIRE) -- 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 under Nasdaq Listing Rule 5550(a)(2). The notification has no immediate effect on the listing or trading of the Company’s common stock, which will continue to trade on The Nasdaq Capital Market under the symbol ‘NCPL.’

As previously disclosed, on February 4, 2026, the Company received notice from Nasdaq Staff that its common stock no longer complied with the minimum bid price requirement because the closing bid price of the Company’s common stock had been below $1.00 per share for the preceding 30 consecutive business days. The Company was initially provided 180 calendar days, through August 3, 2026, to regain compliance. The Company did not regain compliance during that initial period.

Nasdaq Staff granted the additional compliance period because the Company meets the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market, other than the minimum bid price requirement, and because the Company has provided written notice of its intention to cure the bid-price deficiency during the additional compliance period, including through a reverse stock split if necessary.

The Company may regain compliance if the closing bid price of its common stock is at least $1.00 per share for at least 10 consecutive business days during the additional compliance period. Nasdaq Staff may, in its discretion, require the Company to maintain a closing bid price of at least $1.00 per share for a longer period, generally not exceeding 20 consecutive business days, before determining that the Company has demonstrated sustained compliance.

If the Company does not regain compliance by February 1, 2027, Nasdaq Staff is expected to issue a delisting determination. The Company has the right to request a hearing before a Nasdaq Hearings Panel. Under Nasdaq Listing Rule 5815(a)(1)(B), because the Company has been afforded a second 180-day compliance period, a timely request for a hearing would not stay the suspension of the Company’s securities from trading pending the Hearings Panel’s decision. There can be no assurance that any hearing request would be successful or that the Company would receive additional time to regain compliance.

About Netcapital Inc.

Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company’s consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal, Inc., is registered with the U.S. Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority. The Company’s broker-dealer, Netcapital Securities Inc., is also registered with the SEC and is a member of FINRA.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company’s ability and intention to regain compliance with Nasdaq’s minimum bid-price requirement; the potential use, timing, approval, implementation, and effectiveness of a reverse stock split; the anticipated timing of the filing of the Company’s Annual Report on Form 10-K; the Company’s ability to satisfy Nasdaq continued listing standards; the potential outcome of any Nasdaq process or hearing; and the Company’s ability to address operational, regulatory, reporting, and listing-related matters.

These forward-looking statements are based on the Company’s current expectations, estimates, assumptions, and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, the Company’s ability to maintain a closing bid price of at least $1.00 per share for the period required by Nasdaq; market conditions and volatility in the trading price of the Company’s common stock; the Company’s ability to obtain any required corporate or stockholder approvals; the timing and effectiveness of any reverse stock split; the Company’s ability to complete required financial reporting and audit procedures; the timing and outcome of Nasdaq determinations; the Company’s ability to meet other Nasdaq continued listing requirements; its ability to raise capital; and general economic, market, regulatory, and business conditions.

Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.

Investor Contact

800-460-0815 
ir@netcapital.com

FAQ

What did Nasdaq grant Netcapital (NCPL) regarding its minimum bid price on August 10, 2026?

Nasdaq granted Netcapital an additional 180 days, until February 1, 2027, to regain compliance with the $1.00 minimum bid price requirement. According to Netcapital, this extension follows an initial 180-day period that ended August 3, 2026, without restoring compliance.

Is Netcapital (NASDAQ: NCPL) still listed and trading on Nasdaq after the compliance extension?

Yes, Netcapital’s common stock continues to trade on the Nasdaq Capital Market under the symbol NCPL. According to Netcapital, the Nasdaq notification granting the additional 180-day compliance period has no immediate effect on the listing or trading status of its shares.

How can Netcapital (NCPL) regain Nasdaq minimum bid price compliance by February 1, 2027?

Netcapital may regain compliance if its closing bid price is at least $1.00 per share for at least 10 consecutive business days. According to Netcapital, Nasdaq may require up to 20 days and the company may use a reverse stock split if necessary.

What happens if Netcapital (NCPL) does not meet the $1.00 bid requirement by February 1, 2027?

If Netcapital does not regain compliance by February 1, 2027, Nasdaq Staff is expected to issue a delisting determination. According to Netcapital, the company can request a hearing, but a timely request would not automatically stay a suspension during this second compliance period.

Why did Nasdaq grant Netcapital (NCPL) a second 180-day compliance period for bid price?

Nasdaq granted the second 180-day period because Netcapital meets the market value of publicly held shares requirement and all other applicable initial listing standards. According to Netcapital, the company also provided written notice of its intention to cure the bid-price deficiency.

Could Netcapital (NCPL) use a reverse stock split to meet Nasdaq’s $1.00 bid requirement?

Yes, Netcapital has indicated it may use a reverse stock split if needed to cure the bid-price deficiency. According to Netcapital, this option is part of its stated intention to regain compliance during the additional 180-day period ending February 1, 2027.

How many consecutive days must Netcapital (NCPL) maintain a $1.00 bid to satisfy Nasdaq?

Netcapital must maintain a closing bid price of at least $1.00 per share for at least 10 consecutive business days. According to Netcapital, Nasdaq Staff may, at its discretion, require a longer period, generally not exceeding 20 consecutive business days.