Netcapital Shares Gain After Regaining Nasdaq Minimum Bid Compliance
Dow Jones2026/10/14 21:27By Katherine Hamilton
Netcapital shares rose after the company regained compliance with Nasdaq's minimum bid price requirement.
The stock jumped 37% to $2.19 in after-hours trading Wednesday. Through the close, shares had more than doubled this year.
The Boston-based financial technology company said it received a letter from Nasdaq on Oct. 7 with news it had regained compliance with the listing rule.
Nasdaq determined that the closing bid price of Netcapital's stock was $1 a share or more for greater than 10 consecutive business days, from Sept. 23 to Oct. 6. The non-compliance issue was first identified on Feb. 4.
Netcapital is also out of compliance with a separate Nasdaq listing rule because it hasn't yet filed its annual report for the fiscal year ended in April, as well as its latest quarterly report. The company said it plans to submit a plan to regain compliance by Oct. 23, and file late reports as soon as practicable.
Netcapital said it engaged Adeptus Partners to audit its financial statements for 2022 through 2026 in order to complete restatements of prior financial statements that should no longer be relied upon.
Adeptus has been brought on after Fruci & Associates resigned as auditors in August.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
October 14, 2026 17:27 ET (21:27 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Euro Falls as US Dollar gains on inflation concerns, Fed rate hike bets
AMD (AMD.US) Enters the "Trillion-Dollar Quantum Track": Partners with PsiQuantum to Develop Fault-Tolerant, Practical-Scale Quantum Infrastructure and Plans to Invest
AMD announced that it has expanded its partnership with PsiQuantum to jointly design infrastructure capable of supporting the operation of fault-tolerant, practical-scale quantum computers.
While the industry faces turmoil, "Nvidia-backed" Nscale presses ahead for NYSE listing! New IPO prospectus reveals 1,344% surge in revenue but a quarterly net loss of $1.69 billion
Nscale, a "New Cloud" provider backed by Nvidia, submitted its latest filing for an initial public offering (IPO) in the United States on Thursday.
AI capital expenditures peak as global stock market profits"shift gears"! Goldman Sachs outlines three major themes for 2027
Goldman Sachs Portfolio Strategy Research Department pointed out that as the artificial intelligence investment boom peaks, global stock market earnings growth is expected to decline by more than half in 2027. However, recent valuation declines have created attractive entry points for long-duration technology growth stocks.
Crypto prices
More
