Netcapital Receives Nasdaq Extension Through Feb. 9, 2027, To Regain Compliance

Netcapital Inc. (NASDAQ:NCPL, NCPLW)) (the "Company") today announced that on November 5, 2026, it received a letter from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") granting the Company an exception to regain compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule").

As previously disclosed, on August 24, 2026, and September 21, 2026, the Staff notified the Company that it was not in compliance with the Rule. The notices were issued because the Company had not filed its Annual Report on Form 10-K for the fiscal year ended April 30, 2026, and its Quarterly Report on Form 10-Q for the quarter ended July 31, 2026 (together, the "Delinquent Reports"). The Staff granted the exception after reviewing the materials the Company submitted on October 22 and October 23, 2026.

Under the terms of the exception, the Company must file the Delinquent Reports on or before February 9, 2027. If the Company does not satisfy these terms, the Staff will provide written notification that the Company’s securities will be delisted, and the Company may then appeal the Staff’s determination to a Nasdaq Hearings Panel.