On Friday May 24, 2024, Netcapital Entered Into Definitive Agreements For The Immediate Exercise Of $2.2M Of Certain Outstanding Series A-2 Warrants

Benzinga ·  May 28 22:32

Netcapital Inc. (the "Company") (NASDAQ:NCPL, NCPLW))))), a digital private capital markets ecosystem, today announced the entry into definitive agreements for the immediate exercise of certain outstanding Series A-2 warrants to purchase up to an aggregate of 14,320,000 shares of common stock of the Company originally issued in December 2023, having an exercise price of $0.25 per share, at a reduced exercise price of $0.155 per share. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on Form S-1 (No. 333-275210). The gross proceeds to the Company from the exercise of the warrants are expected to be approximately $2.2 million, prior to deducting placement agent fees and estimated offering expenses.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

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