INDEX/$NCPL · 2026-09-04
$NCPL
$0.5911−42.61%Netcapital · Nasdaq · mkt cap $4.64M · cash $0.7M · O/S 7,847,899 as of 2026-03-19
Cutoff 2026-09-04 09:30 ET
blow-off · SEC + Nasdaq
RATINGS
- OVERALLHIGH
- OVERHEADHIGH
- DILUTIONHIGH
- DIL. FREQHIGH
- OFFERINGMED
- CASH NEEDHIGH
- COMPLIANCEHIGH
- BANKERD
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THREE FINDINGS
- 01Blow-off, not a fresh print
Sep 3 −42.61% on 3.64M shares (19.1× median). No new issuer wire. Last PR 28 Aug (Nasdaq 10-K delinquency). Blow-off after Aug 25 +127% / Aug 28 +28%.
- 02Dual Nasdaq clock
10-K plan due 23 Oct 2026 (auditor vacant). Bid-price $1.00 deadline 1 Feb 2027 (+69% / 10 BD). ~$0.10 immediate-delist headroom.
- 03SEC LR-26607 + auditor void
SEC civil fraud ~$13.9M alleged sham revenue (10 Aug). Fruci resigned 12 Aug; Item 4.02 non-reliance FY2022-25. CFO still a named defendant.
SUPPLY
- O/S
7,847,899
10-Q cover 2026-03-19
- MKT CAP
$4.64M
- CASH
~$0.7M
- FLOAT
~4.38M
vendor VERIFY
- FLIPPERS
~1.12M
Intracoastal / 3i / Lind
- WARRANTS
1.75M @ $0.50
unregistered · not free float · VERIFY
- S-3
$50M not EFFECT
333-290992
COMPLIANCE CLOCK
2026-08-10
SEC LR-26607
~$13.9M sham revenue
2026-10-23
10-K plan due
auditor vacant
2027-02-01
Bid $1.00 cure
+69% / 10 BD
NEXT WATCH
- 10-K plan due 2026-10-23 (auditor vacant)
- Bid $1.00 cure by 2027-02-01
Internal research only — not investment advice. NOT a retail broker. Cutoff 2026-09-04 09:30 ET. Source files: HTML dossier, 1-pager, social pack, and PDF linked in VIEW. Do not treat this console as a solicitation or an offer to buy or sell securities.