{"filing":{"accession_number":"0001493152-26-028158","cik":"0001414767","ticker":"NCPLW","company_name":"Netcapital Inc.","form":"8-K","filing_date":"2026-06-10","report_date":null,"primary_document":"form8-k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1414767/000149315226028158/form8-k.htm"},"events":[{"id":5756,"run_id":5044,"accession_number":"0001493152-26-028158","anchor_item_number":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"summary":"Netcapital issued a convertible promissory note ($182,120 principal) to Vanquish Funding Group in a private placement under Section 4(a)(2), with conversion rights at 65% of the lowest trading price over the preceding 20 days (minimum $1.00 per share for the first six months). The note includes a 4.99% beneficial ownership limitation and conversion may be triggered upon default. This is a dilutive equity issuance raising $157,000 in gross proceeds, disclosed under Item 3.02 (Unregistered Sales of Equity Securities), though the filing also implicates Item 1.01 (material definitive agreement) and Item 2.03 (direct financial obligation). The conversion feature and equity component make this primarily a dilutive issuance event.","company_name":"Netcapital Inc.","ticker":"NCPLW","filing_date":"2026-06-10","form":"8-K","submitted_at":null,"items":null}],"classifications":[{"id":5989,"accession_number":"0001493152-26-028158","item_number":null,"item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Netcapital issued a convertible promissory note ($182,120 principal) to Vanquish Funding Group in a private placement under Section 4(a)(2), with conversion rights at 65% of the lowest trading price over the preceding 20 days (minimum $1.00 per share for the first six months). The note includes a 4.99% beneficial ownership limitation and conversion may be triggered upon default. This is a dilutive equity issuance raising $157,000 in gross proceeds, disclosed under Item 3.02 (Unregistered Sales of Equity Securities), though the filing also implicates Item 1.01 (material definitive agreement) and Item 2.03 (direct financial obligation). The conversion feature and equity component make this primarily a dilutive issuance event.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-10T21:15:09.732195+00:00","company_name":"Netcapital Inc.","ticker":"NCPLW","filing_date":"2026-06-10"}]}