On Friday May 24, 2024, Netcapital Entered Into Definitive Agreements For The Immediate Exercise Of $2.2M Of Certain Outstanding Series A-2 Warrants
Portfolio Pulse from Benzinga Newsdesk
Netcapital Inc. (NASDAQ: NCPL) announced the entry into definitive agreements for the immediate exercise of Series A-2 warrants, reducing the exercise price from $0.25 to $0.155 per share. This move is expected to generate approximately $2.2 million in gross proceeds for the company.
May 28, 2024 | 2:32 pm
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Netcapital Inc. has entered into agreements for the immediate exercise of Series A-2 warrants, reducing the exercise price to $0.155 per share. This is expected to generate approximately $2.2 million in gross proceeds.
The immediate exercise of warrants at a reduced price will provide Netcapital with an influx of $2.2 million in gross proceeds, which can be used for operational and strategic initiatives. This is likely to have a positive short-term impact on the stock price.
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