# Netcapital Regains Nasdaq Bid Price Compliance, Appoints Auditor

- URL: https://stocks.freetheai.org/news/netcapital-regains-nasdaq-bid-price-compliance-appoints-auditor-2e5f91
- Published: 2026-10-14T20:00:00Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:NCPL](https://stocks.freetheai.org/symbols/NASDAQ-NCPL)
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Netcapital Inc. (NASDAQ:NCPL) has satisfied Nasdaq listing requirements for its minimum share price after trading at or above $1.00 for ten consecutive business days from September 23 through October 6, 2026. The exchange officially closed the bid price deficiency matter that had been pending since early February 2026.

The fintech company also hired Adeptus Partners, LLC as its new independent public accounting firm following the resignation of its previous auditor in August. Adeptus will audit financial statements for fiscal years 2022 through 2026 and review interim financial data for fiscal 2026. This work is necessary for the company to restate prior financial statements that can no longer be relied upon and to submit overdue periodic reports.

While the bid price issue is resolved, Netcapital Inc. remains out of compliance with exchange filing rules due to delayed annual and quarterly filings. The company plans to submit a remediation plan to Nasdaq by October 23, 2026. Shares of Netcapital Inc. were up 14.39% at $1.59.

## Key points

- Netcapital Inc. regained Nasdaq minimum bid price compliance after its stock closed at $1.00 or higher for 10 consecutive business days.
- The exchange closed the bid price deficiency matter that was first cited in February 2026.
- Adeptus Partners, LLC was engaged as the new accounting firm to audit past financial statements and help submit delayed reports.
- Netcapital Inc. remains out of compliance on filing requirements and must submit a plan to Nasdaq by October 23, 2026.

## Questions and answers

### Why did Netcapital Inc. regain Nasdaq compliance?

Nasdaq confirmed that Netcapital Inc. maintained a closing bid price of at least $1.00 per share for 10 consecutive business days between September 23 and October 6, 2026.

### Why is Netcapital Inc. still non-compliant with Nasdaq rules?

The company has not yet filed its annual report for the fiscal year ended April 30, 2026, or its quarterly report for the period ended July 31, 2026.

### Who is Netcapital Inc.'s new auditor?

Netcapital Inc. engaged Adeptus Partners, LLC as its independent auditor to audit financial statements for fiscal years 2022 through 2026 and review fiscal 2026 interim data.