Netcapital Announces Launch of Beta Version for Secondary Trading Platform

Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced the launch of its beta version for a secondary trading platform to a closed group of users. Through a previously announced alternative trading relationship with Templum Markets LLC (“Templum”), this secondary trading platform may provide investors who purchase stock through the Netcapital funding portal with the potential for secondary trading through access to Templum’s alternative trading system (“Templum ATS”). Templum is a company that provides capital markets infrastructure for trading private equity securities, and operates an ATS with approval in 53 U.S. states and territories for the trading of unregistered or private securities. Netcapital intends to offer such secondary trading capability through the Templum ATS to all Netcapital issuers and investors before the end of 2024. The operation of the Templum ATS, however, remains subject to extensive regulation and oversight. Any regulatory delays or objections will result in delays in our ability to launch the proposed secondary trading platform, if at all.

“This is an important milestone for Netcapital,” said Martin Kay, CEO of Netcapital Inc. “Lack of liquidity is a key issue for investors in private companies in our targeted market, and we believe this capability represents a strong competitive advantage and a key differentiator for Netcapital within the digital private markets landscape.”

About Netcapital Inc.

Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal, Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association.

Forward Looking Statements

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