Netcapital Inc. Successfully Concludes Public Offering to Boost Digital Private Capital Markets Ecosystem

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Netcapital Inc. recently completed a successful public offering, marking a significant milestone for the digital private capital markets ecosystem. The offering involved 1,725,000 shares of its common stock, with each share priced at $0.70, resulting in gross proceeds of $1,207,500 before underwriting discounts and offering expenses.

The company plans to use the funds raised from the offering for various purposes, including supporting general corporate activities, capital expenditures, working capital, and covering general administrative expenses. This strategic move aims to bolster Netcapital’s position and expand its capabilities within the ever-evolving fintech industry.

ThinkEquity played a crucial role in the offering as the sole book-running manager, contributing to the success of this fundraising initiative.

The offering was conducted in accordance with an effective shelf registration statement on Form S-3 (File No. 333-267921), which included a base prospectus filed with the U.S. Securities and Exchange Commission (SEC) on October 18, 2022. The SEC declared the registration statement effective on October 26, 2022. Subsequently, a preliminary prospectus was filed with the SEC on July 19, 2023, followed by the final prospectus supplement on July 21, 2023. All relevant documents are available on the SEC’s official website, ensuring transparency and compliance with regulatory requirements.

Netcapital Inc. has established itself as a prominent fintech company with a scalable technology platform that facilitates online capital raising for private companies. Additionally, the platform provides investors with access to private equity investment opportunities, bridging the gap between promising ventures and potential backers. Netcapital Advisors, the company’s consulting group, offers valuable marketing and strategic guidance and occasionally acquires equity stakes in select companies with groundbreaking technologies.

Committed to adhering to legal and regulatory standards, Netcapital’s funding portal is registered with the SEC and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association.

In conclusion, Netcapital Inc.’s successful public offering represents a significant advancement in its mission to revolutionize private capital markets through technology-driven solutions. By empowering private companies and providing investors with promising investment opportunities, the company continues to make strides in the dynamic landscape of fintech and digital finance.

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