Netcapital Inc., , a fintech company that enables private companies to raise capital online and provides private equity investment opportunities to investors, announced today that it intends to list on a major national exchange and has engaged the law firm of Sheppard Mullin to assist throughout the application process.

Listed companies must meet financial and liquidity requirements and satisfy corporate governance and disclosure requirements on both an initial and continuing basis. The listing of the Company’s common shares on a national exchange (the New York Stock Exchange and Nasdaq) is subject to exchange approval and the ability of the Company to satisfy all applicable listing and regulatory requirements. While the Company intends to satisfy all of the applicable listing criteria, there is no assurance that a national exchange will approve the Company’s application or that the Company will complete the listing as proposed.

“Our initiation of the uplisting process marks an important milestone in the evolution of our company and our achievements in building an unparalleled platform for the new finance economy,” said Cecilia Lenk, CEO of Netcapital Inc. “Uplisting to a major exchange will provide new opportunities for better visibility and accessibility in the markets, engagement with institutional investors, and improved liquidity for our stock.”

“With all the doors that will open for Netcapital through an uplisting, the most important will be the potential to accelerate long-term value creation for our shareholders,” added Jason Frishman, CEO of Netcapital Funding Portal Inc.

Recent Company Highlights:

Qualified to trade on the OTCQX® Best Market from the OTC Pink® market effective May 18, 2021.
Reported revenue growth of 137% to $3.8 million for the first nine months of Fiscal 2021.
Achieved investment portfolio growth of 81% year-over-year for the first nine months of Fiscal 2021.
Outpaced industry growth rate by more than double in dollars invested on Netcapital Funding Portal for the first nine months of Fiscal 2021.
Formed a partnership with Rialto Markets, an innovative registered broker-dealer operating an alternative trading system (ATS). Rialto applies the intelligence of blockchain technology and blockchain-based smart contracts in the form of digital securities to transform the private capital marketplace. Netcapital.com is leveraging Rialto’s ATS to provide issuers and investors with the potential for expanded distribution and liquidity.

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