Netcapital Inc. (NASDAQ: NCPL) shares tumbled sharply by 38.58% in pre-market trading on Thursday, July 3, 2025 after registered direct offering, falling to $5.19 from the previous day’s closing price of $8.45. This significant drop marks a dramatic shift ahead of the market open.
Netcapital Inc. (NCPL) has secured definitive agreements for the sale of 714,286 shares of common stock at $7.00 per share in a registered direct offering priced at-the-market under Nasdaq rules.
The company expects to raise approximately $5 million in gross proceeds from this offering. The closing of the offering is anticipated to occur on or about July 7, 2025. Netcapital Inc. plans to use the net proceeds to repay certain outstanding promissory notes and support general working capital needs.
