Netcapital Inc Stock Price, News & Analysis

Netcapital Inc. (NASDAQ: NCPL, NCPLW) announced it will report its financial results for Q3 FY2023, concluding on January 31, 2023, after market close on March 16, 2023. A conference call for investors is scheduled for March 17, 2023, at 10:00 a.m. ET. Netcapital operates a fintech platform that facilitates capital raising for private companies and offers investment opportunities to investors. The press release includes a disclaimer on forward-looking statements, highlighting the inherent risks and uncertainties associated with future performance.

Netcapital Inc. (Nasdaq: NCPL, NCPLW) has entered a referral agreement with JD Merit Securities, LLC, a boutique investment bank. This partnership aims to facilitate fundraising for early-stage technology companies by sharing revenues from private companies referred to the Netcapital funding portal. Jason Frishman, Netcapital's founder, emphasized the agreement's potential to provide access to growth capital. JD Merit's Joel M. Price noted the partnership enhances client service by improving access to capital for startups. Both parties anticipate that their combined efforts can significantly benefit emerging businesses.

Netcapital Inc., a digital private capital markets ecosystem, announced that its founder, Jason Frishman, will present at the Sidoti Micro-Cap Virtual Conference on January 18, 2023. The virtual event will cover how Netcapital democratizes access to capital in private equity markets, highlighting a market opportunity worth trillions, key growth drivers, and proven technology. Interested investors can register to view the live presentation and may request one-on-one meetings through their Sidoti representative or directly via Netcapital's investor relations.

Netcapital Inc. (Nasdaq: NCPL, NCPLW) has announced a partnership with Templum Markets LLC, an operator of an Alternative Trading System (ATS). This collaboration aims to enhance liquidity options for investors participating in Netcapital's funding portal. By gaining direct access to Templum's ATS, Netcapital plans to provide a structured trading venue for private securities, representing a competitive advantage in the digital private markets. CEO Martin Kay emphasizes the benefits this partnership will unlock for both investors and issuers.

Netcapital Inc. (Nasdaq: NCPL, NCPLW) has appointed Martin Kay as the new CEO, effective January 3, 2023. He succeeds Dr. Cecilia Lenk, who will lead Netcapital Advisors, a subsidiary of the company. Kay brings extensive experience from Accenture and Bain, and is expected to enhance the firm's growth during a time of increasing investor interest in private capital markets. Kay expressed optimism about the company’s opportunities amidst current economic conditions, underlining the demand for integrated investment offerings.

Netcapital Inc. (NASDAQ: NCPL, NCPLW) has successfully closed a public offering of 1,247,000 shares of common stock at $1.40 per share, raising gross proceeds of $1,745,800. The underwriters also have a 45-day option to purchase an additional 187,000 shares to cover over-allotments. The company plans to utilize the net proceeds for general corporate purposes, working capital, and administrative expenses. ThinkEquity acted as the sole book-running manager for this offering, which is part of an effective shelf registration statement with the SEC.

Netcapital Inc. (NASDAQ: NCPL, NCPLW) has priced an underwritten public offering of 1,247,000 shares of common stock at $1.40 each, expected to raise gross proceeds of $1,745,800. The offering includes a 45-day option for underwriters to purchase an additional 187,000 shares. The Company plans to use proceeds for general corporate purposes, including capital expenditures and working capital. The offering is anticipated to close on December 16, 2022. ThinkEquity is the sole book-running manager for this offering.

Netcapital Inc. (NASDAQ: NCPL, NCPLW) announced plans for an underwritten public offering of common stock, with all shares to be sold by the Company. ThinkEquity is the sole book-running manager for this offering, which is subject to market conditions. The Company expects to grant the underwriter a 45-day option to purchase up to 15% additional shares. Proceeds from the offering will primarily be used for general corporate purposes, including capital expenditures and working capital. Details regarding the offering will be provided in a prospectus filed with the SEC.

Netcapital Inc. (Nasdaq: NCPL, NCPLW) reported strong financial results for Q2 and the first half of fiscal 2023, ending October 31, 2022. Revenue surged 48% year-over-year to $1.8 million in Q2, with a 71% increase to $3.1 million for the first half. Operating income turned positive, contrasting with prior losses. Diluted earnings per share were $0.04, improving from a loss of ($0.10). Equity securities valued at $15.1 million and cash equivalents of $1.6 million were noted at the end of October. The company also reduced debt by $1 million and successfully completed a $5 million public offering.