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NetCapital Faces Shareholder Dissent at Annual Meeting

Story Highlights
  • Netcapital Inc. re-elected five directors but failed to ratify Fruci & Associates II, PLLC as its accounting firm.
  • Shareholders rejected proposals on executive compensation, equity plan amendments, reincorporation, and meeting adjournment.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NetCapital Faces Shareholder Dissent at Annual Meeting

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NetCapital ( (NCPL) ) just unveiled an update.

On September 11, 2025, Netcapital Inc. held its annual meeting of shareholders, where a quorum of 88% was represented. During the meeting, shareholders re-elected five directors but did not ratify the appointment of Fruci & Associates II, PLLC as the independent registered public accounting firm for the fiscal year ending April 30, 2026. Additionally, shareholders did not approve several proposals, including executive officer compensation, amendments to the 2023 Omnibus Equity Incentive Plan, the company’s reincorporation from Utah to Nevada, and the adjournment of the meeting to solicit additional proxies. These decisions reflect significant shareholder dissent on key governance and strategic issues, potentially impacting the company’s future operations and strategic direction.

The most recent analyst rating on (NCPL) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on NetCapital stock, see the NCPL Stock Forecast page.

Spark’s Take on NCPL Stock

According to Spark, TipRanks’ AI Analyst, NCPL is a Neutral.

NetCapital’s overall score reflects significant financial challenges with declining revenues and profitability. Despite positive technical indicators, the company’s current valuation is poor due to unprofitability. However, potential future growth opportunities from newly acquired broker-dealer capabilities and new client engagements provide some optimism.

To see Spark’s full report on NCPL stock, click here.

More about NetCapital

Average Trading Volume: 516,075

Technical Sentiment Signal: Sell

Current Market Cap: $10.29M

For a thorough assessment of NCPL stock, go to TipRanks’ Stock Analysis page.

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