Netcapital Inc. (NCPL) Form 8-K — Aug 17, 2026
$NCPLForm 8-KItems 4.01, 4.02, 9.01Filed Aug 17, 2026, 9:30 PM ET0001493152-26-038853Original filing
Netcapital Inc.'s independent auditor Fruci & Associates II resigned effective August 12, 2026, telling the company it could no longer serve as auditor in light of SEC Litigation Release No. 26607 and a related civil complaint filed against Netcapital and certain affiliated individuals on August 10, 2026. The resignation was initiated by the auditor, and no audit report has been issued for the fiscal year ended April 30, 2026.
Key figures
- Sec Complaint Filed Date
- 2026-08-10
- Auditor Resignation Date
- 2026-08-12
- Affected Unaudited Quarters
- ["Q ended October 31, 2021","Q ended January 31, 2022","Q ended July 31, 2022","Q ended October 31, 2022","Q ended January 31, 2023","Q ended July 31, 2023","Q ended October 31, 2023","Q ended January 31, 2024","Q ended July 31, 2024","Q ended October 31, 2024","Q ended January 31, 2025"]
- Alleged Misstatement Period
- approximately October 2021 through January 2024
- Affected Audited Fiscal Years
- ["FY2022 (ended April 30, 2022)","FY2023 (ended April 30, 2023)","FY2024 (ended April 30, 2024)","FY2025 (ended April 30, 2025)"]
- Sec Litigation Release Number
- No. 26607
- Improperly Recognized Revenue
- $13.9 million
Price after filing
1 day: -28.6%7 days: -19.9%30 days: +35.7%
Close on the filing date to close N calendar days later (from $0.32). Historical, not a forecast.
AI analysis
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