Netcapital Inc., the parent of crowdfunding platform Netcapital, has listed its shares on the OTCMarkets Pink segment (OTC: NCPL). The company’s stock has been designated Penny Stock Exempt by OTC Markets, in accordance with the Securities and Exchange Commission (SEC) rules. Netcapital Inc.’s stock will no longer be subject to the broker and trading limitations associated with the Penny Stock regulations.
In a release, Netcapital Inc. CEO Cecilia Lenk stated:
“Achieving Penny Stock Exempt status makes it easier for investors to transact in Netcapital Inc. shares (NCPL) and paves the way for potential new investors; we’re delighted to reach this significant milestone. Of course, none of this would be possible without our incredible team. I want to thank our entire team for their hard work and dedication to our success. We’re all excited about building on this momentum and continuing to deliver for stakeholders.”
Netcapital is a FINRA regulated funding portal that may issue securities under Reg CF. In a recent interview with Crowdfund Insider, the crowdfunding platform indicated it would also issue securities under Reg D as well. Netcapital also offers a secondary trading platform.
The company also operates Netcapital Advisors, a segment of the company that offers services across a range of verticals including biotech, technology, and public policy.
As of today, Netcapital Inc. shares are trading around $8.62 each with a market capitalization of $17.99 million.