Netcapital Regained Nasdaq Compliance
The Boston-based firm met the exchange's minimum bid price requirement after maintaining a $1.00 share value for ten days.
Updated on Oct. 14, 2026 in Corporate Finance
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Netcapital Inc. has officially regained compliance with Nasdaq's minimum bid price requirement. The company successfully maintained a closing bid price of at least $1.00 per share for 10 consecutive business days.
Why it matters
Regaining this compliance allows the company to remain listed on the Nasdaq exchange while it works to resolve outstanding regulatory issues. The firm is now turning its attention toward filing delinquent financial reports.
Netcapital maintained its stock price at or above $1.00 per share for 10 consecutive business days to satisfy the exchange requirement. The company is now working to address its non-compliance with Nasdaq Listing Rule 5250(c)(1).
The players
Netcapital Inc.
This Boston-headquartered financial technology company provides a platform for private companies to raise capital.
Nasdaq
This global electronic marketplace operates an exchange for securities and maintains strict listing standards for publicly traded companies.
Adeptus Partners
This firm is a registered public accounting firm now tasked with auditing the company's consolidated financial statements.
Fruci & Associates II, PLLC
This independent accounting firm served as the company's previous auditor until its resignation in August 2026.
The details
The Boston-based company has appointed Adeptus Partners as its independent registered public accounting firm to audit financial statements for fiscal years 2022 through 2026. This appointment is a critical step in restating past financial records and addressing the delinquency that led to the resignation of its previous auditor, Fruci & Associates II, PLLC.
Timeline
February 4, 2026: Nasdaq identified the original bid price deficiency.
August 12, 2026: The company's former auditor, Fruci & Associates II, PLLC, resigned.
September 23, 2026 - October 6, 2026: Netcapital shares remained at or above the $1.00 requirement.
October 7, 2026: Nasdaq issued a formal notice of compliance to the company.
October 23, 2026: The deadline for the company to submit a plan to address delinquent filings.
Market Landscape
Netcapital continues to operate under the constraints of Nasdaq Listing Rule 5250(c)(1), which mandates the timely disclosure of financial data. The company's struggle to maintain these reporting standards highlights the difficulty smaller firms face in meeting the rigorous regulatory obligations required for public market participation.
For investors, this development signals that the company has corrected its primary share price deficiency, reducing the immediate risk of delisting. However, shareholders should monitor the upcoming October 23 deadline for the firm's submission of a compliance plan regarding its missing financial reports.
The takeaway
While achieving price stability is a positive milestone, the firm still faces significant work to restore investor confidence through transparent financial reporting. Investors are encouraged to track upcoming regulatory filings to ensure the company effectively addresses its ongoing reporting delays.
What happens next
Netcapital Inc. intends to submit a compliance plan to Nasdaq regarding its delinquent filings by October 23, 2026.
Further reading
Learn more about regulatory hurdles in Corporate Finance.
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