Netcapital Announces Launch of Beta Version for Secondary Trading Platform
July 18 2024 - 8:00AM
Business Wire
Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital
private capital markets ecosystem, today announced the launch of
its beta version for a secondary trading platform to a closed group
of users. Through a previously announced alternative trading
relationship with Templum Markets LLC (“Templum”), this secondary
trading platform may provide investors who purchase stock through
the Netcapital funding portal with the potential for secondary
trading through access to Templum’s alternative trading system
(“Templum ATS”). Templum is a company that provides capital markets
infrastructure for trading private equity securities, and operates
an ATS with approval in 53 U.S. states and territories for the
trading of unregistered or private securities. Netcapital intends
to offer such secondary trading capability through the Templum ATS
to all Netcapital issuers and investors before the end of 2024. The
operation of the Templum ATS, however, remains subject to extensive
regulation and oversight. Any regulatory delays or objections will
result in delays in our ability to launch the proposed secondary
trading platform, if at all.
“This is an important milestone for Netcapital,” said Martin
Kay, CEO of Netcapital Inc. “Lack of liquidity is a key issue for
investors in private companies in our targeted market, and we
believe this capability represents a strong competitive advantage
and a key differentiator for Netcapital within the digital private
markets landscape.”
About Netcapital Inc.
Netcapital Inc. is a fintech company with a scalable technology
platform that allows private companies to raise capital online and
provides private equity investment opportunities to investors. The
Company's consulting group, Netcapital Advisors, provides marketing
and strategic advice and takes equity positions in select
companies. The Company’s funding portal, Netcapital Funding Portal,
Inc. is registered with the U.S. Securities & Exchange
Commission (SEC) and is a member of the Financial Industry
Regulatory Authority (FINRA), a registered national securities
association.
Forward Looking Statements
The information contained herein includes forward-looking
statements. These statements relate to future events or to our
future financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results
to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown
risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects our current
views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity.
We assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future.
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version on businesswire.com: https://www.businesswire.com/news/home/20240718565544/en/
Investor 800-460-0815 ir@netcapital.com
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