NCPL•Netcapital closed a $402,743 first tranche of a promissory note transaction with Hinterland Partners. A second tranche of $175,000 is conditional on restoring reporting compliance within 90 days and meeting other conditions.
Netcapital closed the $402,743 first tranche on October 14, 2026. The note provides for up to $577,743 in proceeds against maximum principal of $641,936.66.
The $175,000 second tranche depends on restoring reporting compliance within 90 days of October 13, 2026, along with other conditions. Each tranche carries a one-time 12% interest charge and matures 12 months after funding. At Hinterland Partners’ option, the note is convertible into common stock and is secured by 3,209,685 KingsCrowd Class A shares.
