Lind Global Fund II LP Takes 9.99% Stake in Netcapital Inc.
Ticker: NCPLW · Form: SC 13G · Filed: Jan 4, 2024 · CIK: 1414767
| Field | Detail |
|---|---|
| Company | Netcapital INC. (NCPLW) |
| Form Type | SC 13G |
| Filed Date | Jan 4, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, equity-stake
TL;DR
**Lind Global Fund II LP just bought 9.99% of Netcapital, a big vote of confidence!**
AI Summary
Lind Global Fund II LP, a New York-based investment fund, reported acquiring a significant stake in Netcapital Inc. (NASDAQ: NCPL), a Boston-based finance services company, as of December 27, 2023. This filing indicates that Lind Global Fund II LP now holds 9.99% of Netcapital's Common Stock, totaling 1,000,000 shares. This matters to investors because a large institutional investor taking a substantial position can signal confidence in the company's future, potentially influencing stock price and market perception.
Why It Matters
A major institutional investor, Lind Global Fund II LP, has disclosed a significant 9.99% ownership in Netcapital Inc., signaling potential confidence in the company's prospects and possibly attracting further investor interest.
Risk Assessment
Risk Level: low — This filing indicates a new institutional investor taking a significant stake, which is generally seen as a positive development, reducing immediate risk.
Analyst Insight
A smart investor would research Lind Global Fund II LP's investment strategy and Netcapital Inc.'s recent performance and future outlook to understand the potential implications of this significant stake, considering it as a positive signal.
Key Numbers
- 1,000,000 — Shares Beneficially Owned (The total number of Common Stock shares of Netcapital Inc. held by Lind Global Fund II LP.)
- 9.99% — Percentage of Class (The percentage of Netcapital Inc.'s Common Stock beneficially owned by Lind Global Fund II LP.)
- December 27, 2023 — Event Date (The specific date on which the event requiring this SC 13G filing occurred.)
Key Players & Entities
- Lind Global Fund II LP (company) — filer and beneficial owner of Netcapital Inc. shares
- Netcapital Inc. (company) — the subject company whose shares were acquired
- Jeff Easton (person) — group member associated with the filing
- Lind Global Partners II LLC (company) — group member associated with the filing
- 1,000,000 (dollar_amount) — number of shares beneficially owned
- 9.99% (dollar_amount) — percentage of class beneficially owned
- December 27, 2023 (dollar_amount) — date of event requiring the filing
Forward-Looking Statements
- Netcapital Inc.'s stock price may experience increased investor interest due to this significant institutional investment. (Netcapital Inc.) — medium confidence, target: Q1 2024
FAQ
Who filed this SC 13G statement regarding Netcapital Inc.?
The SC 13G statement was filed by Lind Global Fund II LP, with group members including Jeff Easton and Lind Global Partners II LLC.
What is the CUSIP number for Netcapital Inc.'s Common Stock?
The CUSIP number for Netcapital Inc.'s Common Stock, par value $0.001 per share, is 64113L103.
What percentage of Netcapital Inc.'s Common Stock does Lind Global Fund II LP beneficially own?
Lind Global Fund II LP beneficially owns 9.99% of Netcapital Inc.'s Common Stock.
How many shares of Netcapital Inc. Common Stock are beneficially owned by the reporting person?
The reporting person, Lind Global Fund II LP, beneficially owns 1,000,000 shares of Netcapital Inc. Common Stock.
What was the date of the event that required the filing of this SC 13G statement?
The date of the event which required the filing of this statement was December 27, 2023.
Filing Stats: 1,470 words · 6 min read · ~5 pages · Grade level 11.1 · Accepted 2024-01-04 16:31:19
Key Financial Figures
- $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securitie
Filing Documents
- sch13g.htm (SC 13G) — 65KB
- exhibit99-1.htm (EX-99.1) — 7KB
- 0000929638-24-000026.txt ( ) — 74KB
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable. Item 8. Identification and Classification of Members of the Group Not applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Exhibits Exhibit 99.1 Joint Filing Agreement by and among the Reporting Persons. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 4, 2024 LIND GLOBAL FUND II LP By: Lind Global Partners II LLC its General Partner By: /s/ Jeff Easton Name: Jeff Easton Title: Managing Member LIND GLOBAL PARTNERS II LLC By: /s/ Jeff Easton Name: Jeff Easton Title: Managing Member JEFF EASTON By: /s/ Jeff Easton