Netcapital Inc. Announces Proposed Public Offering of Common Stock
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.
- The offering aims to fund general corporate purposes and potential growth.
- Proceeds will support capital expenditures and working capital needs.
- Shares sold in the offering may lead to shareholder dilution if new shares are issued.
The Company expects to grant the underwriter a 45-day option to purchase up to an additional
The Company intends to use the net proceeds from the offering primarily for general corporate purposes, capital expenditures, working capital and general and administrative expenses.
The securities will be offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-267921), including a base prospectus, filed with the
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
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Forward-Looking Statements
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.
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For Investor Relations Inquiries:
800-460-0815
ir@netcapital.com
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