• Netcapital signed a non-binding LOI to buy substantially all Resmac mortgage banking assets from RezyFi via a newly formed South Dakota unit.
• Proposed asset purchase valued at $5 million, paid in 2,500,000 shares of SD Holdco Series A Convertible Preferred Stock at $2 per share.
• Assets include mortgage lending licenses, HUD Title II direct endorsement approval, mortgage servicing rights, loans, core systems, brands, customer relationships.
• RezyFi could earn up to 1,000,000 additional preferred shares tied to $10 million cumulative GAAP revenue within 24 months post-close.
• Netcapital plans an SD Holdco Form S-1, then a dividend spinout to shareholders, creating a separate public financial services company.

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: 0001493152-26-027205), on June 04, 2026, and is solely responsible for the information contained therein.