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Netcapital raises $250,000 in discounted note financing from FirstFire Global Opportunities Fund

PUBT·06/16/2026 20:16:27
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Netcapital raises $250,000 in discounted note financing from FirstFire Global Opportunities Fund
  • Netcapital closed a USD 290,000 promissory note financing with FirstFire Global Opportunities Fund on June 10, 2026.
  • Issued at USD 250,000 with a USD 40,000 original issue discount; net proceeds were USD 224,500 after fees.
  • Note carries a one-time 12% interest charge; matures June 9, 2027; amortization begins Dec. 9, 2026.
  • Convertible after a payment default or 180 days; conversion price set at 75% of the 10-day low bid, floor USD 0.1.
  • Also issued a warrant for 250,000 shares at USD 0.5; total share issuance capped at 1,569,579 without shareholder approval.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Netcapital Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-028887), on June 16, 2026, and is solely responsible for the information contained therein.