Netcapital Inc. (Nasdaq: NCPL) announced on October 7, 2026, that it has regained compliance with Nasdaq’s minimum bid price requirement. The company received a letter from the Nasdaq Listing Qualifications Department confirming that the closing bid price of its common stock was at least $1.00 per share for 10 consecutive business days, from September 23, 2026, through October 6, 2026. This resolution closes the matter regarding the bid price deficiency that was originally identified in a notice sent on February 4, 2026.
Despite regaining compliance with the bid price rule, the company remains out of compliance with Nasdaq Listing Rule 5250(c)(1). This rule requires the timely filing of periodic reports. Netcapital has not yet filed its Annual Report on Form 10-K for the fiscal year ended April 30, 2026, or its Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2026. The company has a deadline of October 23, 2026, to submit a plan to Nasdaq to regain compliance with this filing requirement.
In other business developments, the company announced the engagement of Adeptus Partners, LLC as its independent registered public accounting firm. Adeptus will audit the company’s consolidated financial statements for the fiscal years ended April 30, 2022, through April 30, 2026, and review interim financial information for fiscal 2026. This engagement is intended to support the completion of any required restatements and the filing of delinquent periodic reports. Adeptus succeeds Fruci & Associates II, PLLC, whose resignation was effective August 12, 2026.
