Netcapital Inc. Acquires Assets and Business of ValuCorp, Inc.

Rhea-AI Summary

Netcapital Inc. (OTCQX: NCPL) has announced its acquisition of ValuCorp, a business valuation firm with extensive advisory services in M&A, capital raising, and restructuring. The acquisition aims to enhance resources available to early-stage companies, leveraging ValuCorp’s expertise and methodologies to assist clients in pricing and valuation strategies. ValuCorp, founded in 1999, will operate as a wholly-owned subsidiary under CEO Michael Gilburd. This strategic acquisition is expected to extend Netcapital's reach in private equity, enhancing the digital platform's offerings to clients worldwide.

Positive

• Acquisition of ValuCorp enhances advisory capabilities for early-stage companies.
• Expected synergy from ValuCorp's expertise in business valuation and strategic advisory.
• ValuCorp's experience across 30+ industries will broaden Netcapital's service offerings.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- Netcapital Inc. (OTCQX: NCPL), a digital private markets ecosystem, announced today that it has acquired the assets and business of ValuCorp, Inc., a business valuation firm with expertise in a wide array of strategic advisory services, including M&A advisory, capital raising, and restructuring. The terms of this transaction were not disclosed.

ValuCorp, founded in 1999, plans to leverage its expertise, technology, methodologies, and data to support Netcapital’s private company clients with validation strategies to provide guidance as to their pricing and valuation.

“We’re excited to bring to our early-stage client companies the critical and highly valued resources that this acquisition provides, complementing the range of services we offer, from strategic advisory to raising capital,” said Dr. Cecilia Lenk, CEO of Netcapital Inc.

Michael Gilburd, Founder and President of ValuCorp stated, “We expect to add significant value to the many early-stage companies raising capital via the Netcapital digital platform, while extending the dynamic reach of Netcapital’s private equity ecosystem to our clients worldwide.”

Prior to founding ValuCorp, Gilburd was Managing Director of Corporate Finance for two American Express companies, and served as National Director of Corporate Finance at BDO USA. ValuCorp has provided valuation services and value-building consulting to companies in more than 30 industries in the United States and abroad.

“Helping business owners and managers capitalize on their enterprise values to plan growth and capital market strategies has been a critical element to the success of our clients,” added Gilburd.

Gilburd shall remain as CEO and President of ValuCorp and will operate the business as a wholly owned subsidiary of Netcapital Inc.

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 with disruptive technologies. The Netcapital funding portal is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association.

About ValuCorp, Inc.:

ValuCorp’s experienced, credentialed professionals pride themselves on understanding and fairly determining value. Deliverables include Business Valuation, Intangible Appraisal, Fairness Opinion and Solvency Opinion, ESOP Valuation, IPO and Private Placement Valuation, Purchase Price Allocation, Blueprint for Building Value™, Liquidity Roadmap™, ValuGap™ Analysis, ValuScore™, The Business Value Triangle™, and IRC §409A FMV Valuation.

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211109005543/en/

Netcapital Inc.:

Coreen Kraysler, CFA

CFO

781-925-1700

coreen.kraysler@netcapital.com

Source: Netcapital Inc.

FAQ

What acquisition did Netcapital Inc. announce?

Netcapital Inc. announced the acquisition of ValuCorp, a business valuation firm.

How will the acquisition of ValuCorp benefit Netcapital Inc.?

The acquisition will enhance Netcapital's service offerings, especially in advisory for early-stage companies.

What is the stock symbol for Netcapital Inc.?

The stock symbol for Netcapital Inc. is NCPL.

Who will lead ValuCorp after the acquisition?

Michael Gilburd will continue as CEO and President of ValuCorp, operating as a subsidiary of Netcapital.

What strategic services does ValuCorp provide?

ValuCorp provides M&A advisory, capital raising, restructuring, and various valuation services.