Netcapital Inc. (NCPLW) Warrant
Each NCPLW warrant gives the holder the right to buy 1/70 share of Netcapital Inc. at $363.30 per share, until July 15, 2027. The stock last closed at $1.40, below the strike, so the warrant is out of the money. Netcapital Inc. has a market value of about $10.99M. There are 1.32M listed warrants; exercising all of them would add 0.2% to the 7.85M shares outstanding.
NCPL vs strike, last 12 months
No share-price history for NCPL yet.
Key terms
- Strike per share
- $363.30
- Shares per warrant
- 1/70
- Cash to exercise one warrant
- $5.19
- Expiry
- 2027-07-15
- Redemption trigger
- none stated
- Cashless exercise
- no
- Break-even stock price
- $365.29
From the issuer's S-1/A (2026-03-24).
Company and stock
- Company
- Netcapital Inc.
- Underlying stock
- NCPL
- Share price
- $1.40
- Market cap
- $10.99M
- Shares outstanding
- 7.85M
- Value of all listed warrants
- $37.38K (0.3% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-03-19). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0284
- Price / model
Get Pro to see whether NCPLW is cheap or rich against our model.
Dilution
- Shares outstanding
- 7.85M
- Listed warrants
- 1.32M
- Dilution if all exercised
- 0.2%
Warrant count from filing notes, read by hand (medium): Redeemable warrants from July 2022 Nasdaq uplisting offering (NCPLW).
Filings and events
Questions about NCPLW
When does the NCPLW warrant expire?
NCPLW expires on July 15, 2027.
What is the strike price of NCPLW?
$363.30 per share; each warrant converts into 1/70 share, so exercising one warrant costs $5.19.
Can Netcapital Inc. redeem the NCPLW warrants early?
The source filing we read lists no stock-price redemption trigger.
How many NCPLW warrants are outstanding?
1.32M listed warrants, equal to 0.2% dilution if all are exercised.