NCPL NETCAPITAL INC

Netcapital Portfolio Company Acquires Spellbook Studio

Netcapital Portfolio Company Acquires Spellbook Studio

BOSTON, MA, April 23, 2025 (GLOBE NEWSWIRE) -- (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced that Netcapital portfolio company, Zelgor, has acquired Spellbook Studio, creators of The Infinite Black & The Infinite Black 2.

The Infinite Black franchise is a space combat Massive Multiplayer Online game (MMO) and was one of the first MMO's to be released on Android in 2011. Players build, collect, manage, and battle their fleet of spaceships as they fight for control of The Infinite Black. Both games are free to play on mobile and generate revenues through the sale of virtual "credits" which can be used to purchase ship upgrades.

“With a community of 120,000 players, this is an opportunity for Zelgor to own and operate a franchise with a devoted following,” said John Fanning Jr., Zelgor CEO. “Through this acquisition, Zelgor now expects to generate enough revenue to make its ongoing operations sustainable.”

The Infinite Black 2 is available for download using the following link:

About Zelgor

Zelgor is an interactive entertainment company creating a virtual universe around its unique media franchise, called the Noobs, an army of outlandish aliens exploring the universe. Zelgor investors include famous venture capitalist Tim Draper, co-creator of Guitar Hero, Kai Huang, and the founders of Napster. The Zelgor team holds real-world experience working on successful games like The Sims, Bioshock Infinite, Dungeons & Dragons Online, and many more. To learn more about Zelgor Games, visit .

About Netcapital Inc.

is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company's consulting group, , provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, . is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. The Company’s broker-dealer, Netcapital Securities Inc., is also registered with the SEC and is a member of FINRA.

Forward Looking Statements

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Investor Contact

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23/04/2025

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