Netcapital Secures FINRA Approval for Broker-Dealer License

BOSTON, MA, Nov. 26, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced that its wholly-owned subsidiary, Netcapital Securities Inc. (“NSI”), has received approval from the Financial Industry Regulatory Authority ("FINRA") to become a FINRA-member broker-dealer.

Key Highlights:

• Netcapital Securities Inc. is specifically approved to engage in the following types of business: private placements of securities and referral business.

• The purpose of Netcapital Securities Inc. is to support companies (i.e., issuers) raising equity capital under Regulation A (“Reg A”) and/or Regulation D (“Reg D”), and to partner with other broker-dealers to collaboratively syndicate deals.

• This approval allows Netcapital to support larger fundraises while potentially offering its investor base a broader range of investment opportunities.

• Additionally, this approval enables Netcapital Securities Inc. to charge fees on the capital issuers raise under Reg A and Reg D, and to enter into fee sharing agreements with other broker-dealers.

"This is a major milestone for Netcapital, positioning us to expand our offerings and allowing us to better serve our clients by supporting larger capital raises,” said Martin Kay, CEO of Netcapital Inc.

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.

Forward Looking Statements

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