Netcapital Inc. has announced a Special Meeting of Shareholders to be held virtually on July 24, 2024. The meeting will address two key proposals: the Reverse Stock Split Proposal and the Adjournment Proposal. The Reverse Stock Split Proposal seeks shareholder approval to grant the board of directors the authority to effect a reverse stock split of the company's issued common stock at a ratio between 1-for-2 and 1-for-100, at the board's discretion. The exact ratio and timing of the reverse split, if implemented, will be determined by the board any time before July 24, 2025, without further shareholder approval. The Adjournment Proposal will authorize the adjournment of the Special Meeting if necessary, including to solicit additional proxies if there are insufficient votes...Show More

Netcapital Inc. has announced a Special Meeting of Shareholders to be held virtually on July 24, 2024. The meeting will address two key proposals: the Reverse Stock Split Proposal and the Adjournment Proposal. The Reverse Stock Split Proposal seeks shareholder approval to grant the board of directors the authority to effect a reverse stock split of the company's issued common stock at a ratio between 1-for-2 and 1-for-100, at the board's discretion. The exact ratio and timing of the reverse split, if implemented, will be determined by the board any time before July 24, 2025, without further shareholder approval. The Adjournment Proposal will authorize the adjournment of the Special Meeting if necessary, including to solicit additional proxies if there are insufficient votes to approve the proposals at the time of the meeting. Shareholders as of the record date, June 4, 2024, are entitled to notice of the meeting and to vote. The company has provided instructions for shareholders to access proxy materials and vote online, with the option to request paper copies of the materials. The proxy materials are available at www.netcapital.vote, and shareholders may vote online until 7:00 PM Eastern Time on July 23, 2024.