Netcapital enters USD 157,000 promissory note financing with Vanquish Funding Group

Netcapital

Netcapital

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  • Netcapital entered a securities purchase agreement with Vanquish Funding Group, issuing a USD 182,120 promissory note for USD 157,000.
  • Deal funded June 5, 2026; net proceeds were USD 150,000 following USD 7,000 in reimbursed buyer expenses.
  • Note matures March 30, 2027; includes a one-time 13% interest charge; scheduled payments total USD 205,795.
  • Default triggers 22% interest; acceleration to 150% of outstanding amounts, rising to 200% in specified conversion-share delivery defaults.
  • Post-default conversion allowed at 65% of the 20-day low, subject to a USD 1 floor for six months and a 4.99% ownership cap.


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: 0001493152-26-028158), on June 10, 2026, and is solely responsible for the information contained therein.

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