Netcapital (NCPL) Investor update summary

Strategic reset and business model transformation

• Leadership identified undervaluation and under-monetization, prompting a comprehensive operational and strategic reset.

• Shift from a transactional crowdfunding platform to an AI-enabled capital markets infrastructure.

• Focus on combining automation with human expertise to serve a broader range of issuer needs.

NetNudge acquisition and AI integration

• Acquired NetNudge AI agent platform assets to power the next phase of growth.

• Deal structured with 600,000 Series A preferred shares and contingent earn-out based on $3M GAAP revenue milestone.

• Preferred shares are company-controlled for conversion, providing shareholder protection.

Pricing overhaul and service segmentation

• Introduced four new pricing tiers, starting at $7,500 with a 7% commission, scaling up to $100,000 with a 4.99% commission.

• Entry-level offerings will be increasingly automated, while higher tiers emphasize white glove human service.

• Pricing aligns with industry standards and aims to better capture value.