Netcapital Inc. Regains Nasdaq Compliance and Hires New Auditor
What happened
Netcapital Inc. regained compliance with Nasdaq's minimum bid price requirement after its common stock closed at $1.00 or greater for 10 consecutive business days between September 23, 2026, and October 6, 2026, resolving a deficiency noted in February 2026. The company also announced that its Audit Committee engaged Adeptus Partners as its independent registered public accounting firm. Adeptus Partners will audit financial statements for fiscal years ending April 30, 2022, through April 30, 2026, and review interim information.
From manilatimes.net
Why it matters
The resolution of the bid price deficiency allows Netcapital Inc. to maintain its listing status on Nasdaq. The engagement of Adeptus Partners is required for Netcapital Inc. to complete restatements of prior-period financial statements and file delinquent periodic reports.
From manilatimes.net
Who's involved
- companyThe company that regained compliance with Nasdaq and hired Adeptus Partners.
- Audit CommitteeThe Audit Committee that engaged Adeptus Partners as the independent accounting firm.
- NasdaqThe stock exchange that resolved the minimum bid price deficiency matter.
- board of directorsThe group that supervises the activities of Netcapital Inc.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- companySpeculative
The company might face costs associated with the required audit and the completion of financial restatements.
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The entities involved
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company
legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective
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Audit Committee
organization
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Nasdaq
American fully electronic stock exchange