Matt Morgan Joins Netcapital Crypto Advisory Board
BOSTON — Netcapital Inc. (NASDAQ: NCPL, NCPLW), a pioneer in the digital private capital markets, has officially welcomed Matt Morgan to its newly formed Crypto Advisory Board. This exciting new addition is expected to reinforce the company's commitment to integrating blockchain technology and digital assets into its operations.
With a robust background in blockchain consulting, Matt Morgan is currently involved with several initiatives in the decentralized finance (DeFi) space, including a notable role with World Liberty Financial. His knowledge in digital asset strategy and regulatory dynamics is highly regarded within the industry and will play a vital role in Netcapital's journey.
Who Are the Other Members of the Crypto Advisory Board?
Morgan joins several esteemed industry professionals on the Crypto Advisory Board, including Kyle Klemmer, Josh Meier, Eric Galen, Armondo Soto, and Noah Holmes. This talented group is set to guide Netcapital's strategy in the expanding world of blockchain and crypto finance.
CEO's Vision for Innovation
Martin Kay, CEO of Netcapital Inc., expressed his enthusiasm for the new advisory board. He noted, "The merging of blockchain and traditional finance represents a thrilling opportunity for us to lead the future of capital formation. The integration of Matt and the entire Crypto Advisory Board is a strategic move as we elevate innovation within our fintech domain."
Supporting Growth Through PIPE Financing
In an additional announcement, Netcapital has initiated private investment in public equity (PIPE) financing, issuing 118,750 shares of common stock at a rate of $4.00 each. This successful placement, garnering $475,000 in gross proceeds, reflects the interest of ten accredited investors, further solidifying the company's financial foundation.
The shares are designed with a price reset feature that protects investors by adjusting the price if future equity offerings happen at a lower valuation, while ensuring the price doesn't fall below a stipulated minimum of $2.56.
The funds generated from this initiative are earmarked for general corporate purposes, allowing the company to continue pursuing its goals effectively.
Navigating Regulatory Landscapes
Netcapital is advocating for transparency and compliance as it moves forward. The company will file a resale registration statement with the U.S. Securities and Exchange Commission (SEC) to cover the securities resulting from this offering, reinforcing its commitment to adhering to regulatory standards.
About Netcapital Inc.
Netcapital Inc. is a cutting-edge fintech entity that empowers private companies to raise capital via its scalable online platform. They offer varied investment opportunities in private equity for investors looking to diversify their portfolios. Through their consulting group, Netcapital Advisors, the company provides strategic marketing advice and takes equity stakes in select ventures.
Their funding portal, Netcapital Funding Portal, Inc., is both SEC-registered and a member of FINRA, which demonstrates their credibility and commitment to compliance in the finance sector. Additionally, their broker-dealer, Netcapital Securities Inc., operates under the same regulatory frameworks, ensuring trust and accountability to its stakeholders.
Frequently Asked Questions
Who is Matt Morgan?
Matt Morgan is a blockchain advisor who has recently joined Netcapital's Crypto Advisory Board, bringing significant expertise in digital assets.
What is the purpose of the Crypto Advisory Board?
The Crypto Advisory Board aims to guide Netcapital in integrating blockchain and crypto into its financial strategies and operations.
What are the financial implications of the recent PIPE financing?
The PIPE financing allows Netcapital to raise capital for corporate purposes, strengthening their financial position and supporting strategic initiatives.
What is Netcapital's focus as a fintech company?
Netcapital focuses on creating a platform for private companies to raise funds while providing investors with unique investment opportunities in the private equity market.
How does Netcapital ensure compliance with regulations?
Netcapital works closely with the SEC and complies with necessary regulations, filing required documentation to guarantee transparency and legality in its operations.
