• Netcapital entered a Securities Purchase Agreement with Labrys Fund II, L.P., issuing a USD 145,000 promissory note with a one-time 12% interest charge.
• Transaction closed June 4, 2026; net cash proceeds were USD 111,250 from a USD 125,000 purchase price due to fees.
• Note matures June 3, 2027; amortization begins Dec. 3, 2026, with conversion rights triggered after 180 days or on a payment default.
• Conversion price set at 75% of the 10-day lowest closing bid, subject to a USD 0.10 floor before an event of default.
• Deal also included a warrant for 125,000 shares at a USD 0.5 exercise price, exercisable from Dec. 3, 2026 through June 3, 2029.

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: 0001493152-26-028135), on June 10, 2026, and is solely responsible for the information contained therein.