Netcapital Inc. Statement from CEO

Boston, MA, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Netcapital Inc. (NASDAQ: NCPL). As previously disclosed, Netcapital Inc. received a Wells Notice from the staff of the U.S. Securities and Exchange Commission relating to an investigation involving the Company and certain current and former directors, officers, and other individuals.

I joined Netcapital after the Company received the Wells Notice, with a mandate to provide guidance on potential regulatory and other challenges it faced, assist in protecting shareholder interests to the best of my ability, and position Netcapital for its best possible future given the historic challenges that happened before I became employed.