Netcapital raises $402,743 in first tranche of convertible debt financing

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

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: 0001493152-26-047783), on October 20, 2026, and is solely responsible for the information contained therein.