Netcapital Regained Nasdaq Compliance on Share Price
Boston-based Netcapital met exchange bid requirements but remains out of compliance regarding delinquent financial filings.
Updated on Oct. 14, 2026 in Corporate Finance
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Netcapital Inc. has officially regained compliance with the Nasdaq minimum bid price requirement after maintaining a share price of at least $1.00 for 10 consecutive business days. The Boston-based company continues to face a separate compliance challenge related to its financial reporting.
Why it matters
The company remains in violation of Nasdaq Listing Rule 5250(c)(1) due to delinquent filings, creating ongoing regulatory pressure despite meeting the price benchmark. Operators should note that clearing one listing hurdle does not resolve broader transparency requirements essential for maintaining exchange standing.
Netcapital maintained its share price at or above $1.00 for 10 consecutive business days from September 23, 2026, through October 6, 2026. The exchange officially notified the company of its renewed compliance on October 7, 2026.
The players
Netcapital Inc.
A Boston-based financial services firm that operates a private capital marketplace for private companies to raise growth capital.
Adeptus Partners
An independent registered public accounting firm hired to audit financial statements and support regulatory filings.
Nasdaq
A global stock exchange operator that enforces minimum listing requirements, including financial reporting and share price thresholds.
Fruci & Associates II, PLLC
A public accounting firm that previously served as the auditor for Netcapital until its resignation in August 2026.
The details
To address its remaining regulatory issues, Netcapital has appointed Adeptus Partners as its new independent auditor. Adeptus Partners will be responsible for auditing financial statements for fiscal years 2022 through 2026 to facilitate the submission of delinquent periodic reports. The firm replaces Fruci & Associates II, PLLC, which resigned in August.
Timeline
February 4, 2026: Nasdaq identified the original bid price deficiency.
August 12, 2026: Fruci & Associates II, PLLC resigned as the company's auditor.
September 23, 2026 - October 6, 2026: The company maintained a share price at or above $1.00.
October 7, 2026: Nasdaq issued a notice of compliance regarding the bid price.
October 23, 2026: Deadline for Netcapital to submit a compliance plan for Listing Rule 5250(c)(1).
Market Landscape
Netcapital remains in a precarious regulatory position under Nasdaq Listing Rule 5250(c)(1) regarding delinquent filings. While the bid price recovery provides immediate relief, the firm must now execute its audit strategy to resolve the remaining reporting deficiency.
Business operators should treat this as a signal to prioritize the timely filing of financial reports to avoid prolonged regulatory scrutiny. Maintaining audit relationships is a critical operational function for ensuring public market access.
The takeaway
Operational continuity relies on both market valuation and strict adherence to mandatory reporting schedules. Managers should track their internal financial reporting deadlines against regulatory requirements to avoid the costs and risks associated with auditor turnover and listing deficiencies.
What happens next
Netcapital must submit its formal compliance plan to Nasdaq for Listing Rule 5250(c)(1) by October 23, 2026.
Further reading
For more on the regulatory requirements impacting local businesses, see the Corporate Finance section.
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