Summary by Futu AI
Netcapital Inc., a company incorporated in Utah, has filed a Registration Statement on Form S-8 with the Securities and Exchange Commission (SEC) on May 7, 2024. This filing is for the purpose of registering an additional 3,754,105 shares of common stock under the company's 2023 Omnibus Equity Incentive Plan. The newly registered shares include 3,154,105 shares reserved for issuance under the Plan and an additional 600,000 shares that may be granted as future awards if previously issued shares are forfeited or expire. The registration incorporates by reference several of Netcapital's previously filed SEC documents, including annual and quarterly reports, and updates certain items from a prior registration statement. The filing indicates that Netcapital is a non-accelerated filer and a smaller reporting company, and it is not classified as an emerging growth company. The CEO, Martin Kay, along with other executives and directors, have signed the registration statement, confirming the company's compliance with the requirements for filing on Form S-8.