Netcapital Receives Nasdaq Delinquency Notice Over Delayed Annual Report Filing
Netcapital has received a delinquency notification from Nasdaq for failing to file its annual report on time. The platform has 60 days to submit a compliance plan to maintain its listing. This development follows recent SEC fraud allegations against Netcapital, including claims of improperly recorded revenue. Netcapital shares are trading below the $1 listing requirement.