Netcapital Inc. (NCPL) Form 8-K — Aug 10, 2026
Netcapital Inc. received notice from Nasdaq on August 7, 2026 granting it an additional 180 calendar days, until February 1, 2027, to regain compliance with the $1.00 minimum bid price requirement after failing to cure the deficiency during its initial period that ended August 3, 2026. The company can regain compliance if its closing bid price is at least $1.00 for at least ten consecutive business days, and it has told Nasdaq it intends to cure the shortfall, including through a reverse stock split if necessary; failure to comply by February 1, 2027 would lead to a delisting determination, and a timely hearing request would not stay a trading suspension.
Key figures
- Minimum bid price
- $1.00 per share
- Conversion discount
- post-default conversion at 65% of lowest 20-trading-day price (35% discount)
- Conversion floor price
- $0.10 per share during first six months of each note
- Reverse split deadline
- no later than 10 business days prior to February 1, 2027
- Beneficial ownership cap
- 4.99% (non-waivable)
- Compliance cure condition
- closing bid >= $1.00 for at least 10 consecutive business days
- Nasdaq 5635d issuance cap
- 19.99% absent stockholder approval
- Second compliance deadline
- February 1, 2027
- Initial compliance deadline
- August 3, 2026 (failed)
- Holder conversion deposit fee
- 1500
- June convertible note principal
- 182120
- April convertible note principal
- 51750
- April convertible bridge note principal
- 92800
Price after filing
Close on the filing date to close N calendar days later (from $0.40). Historical, not a forecast.
AI analysis
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