Netcapital Inc. Announces Closing of Public Offering

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Dec 16, 2022

Netcapital+Inc. (Nasdaq: NCPL, NCPLW) ("Netcapital" or the "Company"), a digital private capital markets ecosystem, today announced the closing of its previously announced public offering of 1,247,000 shares of its common stock at a public offering price of $1.40 per share, for gross proceeds of $1,745,800, before deducting underwriting discounts and offering expenses payable by the Company. In addition, the Company granted the underwriters a 45-day option to purchase up to an additional 187,000 shares of common stock solely to cover over-allotments, if any, at the public offering price, less underwriting discounts and offering expenses.