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NCPL Investors: Netcapital Inc. Shares Declined By $0.09 On August 18, 2026 – Contact Kirby McInerney LLP to Discuss Your Rights

NCPL
  • Investors suffering losses on Netcapital Inc. (NASDAQ: NCPL) stock may join a securities fraud class action lawsuit by contacting Kirby McInerney LLP.
  • The deadline for investors to request appointment as lead plaintiff is December 7, 2026.
  • The lawsuit covers the Class Period from December 15, 2021 through September 3, 2026.
  • The suit alleges Netcapital failed to disclose sham consulting agreements controlled by Defendant John Fanning, which involved backdated or forged documents & minimal actual services.
  • Allegations include undisclosed related-party transactions involving Fanning & false certifications under the Sarbanes-Oxley Act of 2002.
  • On August 10, 2026, the SEC filed a complaint charging Netcapital & five individuals with overstating revenue by nearly $14 million through fraudulent schemes.
  • Following the SEC complaint announcement, Netcapital shares fell 12.8% from $0.40 to $0.35.
  • On August 17, 2026, Netcapital's auditor Fruci & Associates II, PLLC resigned immediately due to the SEC Complaint.
  • Netcapital shares dropped 28.6% from $0.32 to $0.23 after the auditor's resignation was disclosed.
  • On September 3, 2026, Board member Avi Liss resigned citing serious allegations against the company & its officers.
  • Netcapital shares declined 8.14% to $0.58 on September 3, 2026, followed by an additional 13.1% drop to $0.50 on September 8, 2026.