Netcapital Inc. - NCPL STOCK NEWS

Netcapital Inc. (NASDAQ: NCPL, NCPLW) announced the successful completion of a capital offering by KMX Technologies on August 5, 2022. KMX sold 718,120 units at a price of $1.49 each, raising a total of $1,069,999. This marks another successful capital raise on Netcapital's platform, demonstrating its role in funding early-stage innovations. Jason Frishman, CEO of Netcapital, highlighted the strong investor enthusiasm for KMX. KMX focuses on zero-waste solutions, addressing critical environmental challenges through proprietary technology.

Netcapital Inc. (NASDAQ: NCPL, NCPLW) announced the successful completion of a capital offering for Avadain, a company utilizing green technology to produce high-quality graphene flakes. The offering, which closed on July 28, 2022, raised approximately $1.37 million after selling 341,685 units at $4.00 each. This funding will enable Avadain to expand its patent portfolio and meet the growing demand for graphene across various industries. Netcapital aims to connect investors with innovative companies like Avadain.

Netcapital Inc. (NASDAQ: NCPL, NCPLW) reported a strong fiscal year 2022 with 16% revenue growth to $5.5 million and 43% EPS growth to $1.27 per diluted share. The firm uplisted to Nasdaq in July 2022, enhancing visibility. Equity securities at fair value increased by $6.6 million (104%) to $12.9 million. A $1.9 million PPP loan forgiveness contributed to net income. Following fiscal year-end, a public offering raised $5 million for various business initiatives.

Netcapital Inc. (NASDAQ: NCPL, NCPLW) announced it will release its fourth quarter and full-year fiscal 2022 results after the market closes on August 8, 2022. A conference call to discuss the results is scheduled for 5 p.m. ET on the same day. Investors can access the call by dialing 844-985-2012 or 973-528-0138 with access code 860883. A replay will be available on the company's website.

Netcapital is a fintech firm that facilitates capital raising for private companies and offers private equity investment opportunities.

Netcapital Inc. (NASDAQ: NCPL, NCPLW) has successfully closed an underwritten public offering of 1,205,000 shares of common stock and warrants at a price of $4.15 each, raising gross proceeds of $5,000,750. The warrants have an exercise price of $5.19 and are valid for five years. The offering began trading on Nasdaq on July 13, 2022. The company intends to allocate the funds towards research and development, sales and marketing, potential acquisitions, and debt repayment. ThinkEquity facilitated the offering.

Netcapital Inc. (Nasdaq: NCPL, NCPLW) announced a public offering of 1,205,000 shares of common stock at $4.15 each, along with warrants to purchase the same number of shares. The gross proceeds are anticipated to be around $5 million, intended for research and development, sales and marketing, general working capital, potential acquisitions, and debt repayment. The offering is set to close on July 15, 2022, with shares expected to begin trading on July 13, 2022. The company has granted underwriters a 45-day option for additional shares to cover over-allotments.

Netcapital Inc. (OTC-PINK: NCPL) will discuss its third quarter and fiscal year-to-date financial results during an investor conference call on March 30, 2022, at 12:00 PM ET. Interested parties can join by calling 844-985-2012 or 973-528-0138, with access code 774881. A replay of the call will be available on the company's website. The company, known for providing a digital private markets ecosystem, allows private companies to raise capital online and connects investors with private equity opportunities.

Netcapital Inc. (OTCQX: NCPL) has been awarded the title of 'Best Crowdfunding Platform' at the 2022 FinTech Breakthrough Awards, chosen from nearly 4,000 nominations across various FinTech categories. This recognition highlights the company's commitment to assisting entrepreneurs in fundraising efficiently, thereby focusing on business growth. The awards were judged by an independent expert panel evaluating innovation and technological advancement in FinTech.

Netcapital Inc. (OTC-PINK: NCPL) announced that Thomas Smith, Head of Business Development, received the John T. 'Doc' Tynan Profile in Courage Award from the South Boston Citizens’ Association. Smith is recognized for his philanthropic efforts, having co-founded the Thomas E. Smith Foundation, donating over $785,000 to help individuals with paralysis. He has also made notable achievements as the first paralyzed participant to complete the Boston Marathon multiple times. CEO Cecilia Lenk commended Smith's contributions both to the company and the community.