Netcapital Inc. Faces Delisting Concerns
Ticker: NCPLW · Form: 8-K · Filed: Jul 24, 2024 · CIK: 1414767
| Field | Detail |
|---|---|
| Company | Netcapital INC. (NCPLW) |
| Form Type | 8-K |
| Filed Date | Jul 24, 2024 |
| Risk Level | high |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.001, $5.19, $1.00, $0.10 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, regulatory
Related Tickers: NCPL
TL;DR
Netcapital Inc. might get delisted, big trouble for NCPL holders.
AI Summary
Netcapital Inc. filed an 8-K on July 23, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The company, formerly known as ValueSetters Inc., is incorporated in Utah and headquartered in Boston, MA.
Why It Matters
This filing indicates potential issues with Netcapital Inc.'s compliance with stock exchange listing standards, which could impact its stock's tradability and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to its operations and shareholder value.
Key Players & Entities
- Netcapital Inc. (company) — Registrant
- ValueSetters Inc. (company) — Former company name
- ValueSetters Corp (company) — Former company name
- 001-41443 (company) — SEC File Number
- 87-0409951 (company) — IRS Number
- July 23, 2024 (date) — Date of earliest event reported
FAQ
What specific listing rule or standard has Netcapital Inc. failed to satisfy?
The filing indicates a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' but does not specify the exact rule in the provided text.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is dated July 23, 2024.
What was Netcapital Inc. formerly known as?
Netcapital Inc. was formerly known as ValueSetters Inc. and ValueSetters Corp.
In which state is Netcapital Inc. incorporated?
Netcapital Inc. is incorporated in Utah.
What is the business address of Netcapital Inc.?
The business address is 1 Lincoln Street, Boston, MA 02111.
Filing Stats: 1,706 words · 7 min read · ~6 pages · Grade level 16 · Accepted 2024-07-24 17:00:21
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share NCPL The Nasdaq
- $5.19 — of Common Stock at an exercise price of $5.19 NCPLW The Nasdaq Stock Market LLC
- $1.00 — ties to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810
- $0.10 — s securities had a closing bid price of $0.10 or less for ten consecutive trading day
Filing Documents
- form8-k.htm (8-K) — 60KB
- 0001493152-24-028940.txt ( ) — 280KB
- ncpl-20240723.xsd (EX-101.SCH) — 4KB
- ncpl-20240723_def.xml (EX-101.DEF) — 27KB
- ncpl-20240723_lab.xml (EX-101.LAB) — 37KB
- ncpl-20240723_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. NETCAPITAL INC. By: /s/ Martin Kay Name: Martin Kay Title: Chief Executive Officer Dated: July 24, 2024 -4-