What is NCPL's dilution risk score?

NCPL has a latest available DilutionScore record of 84/100, categorized as critical dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for NCPL, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for NCPL?

DilutionWatch tracks 25 SEC filing types for NCPL including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect NCPL shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For NCPL, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for NCPL tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for NCPL. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

NCPL Dilution Risk Score: 84/100 (CRITICAL)

Score Breakdown

📋 Offering Ability

100

💰 Cash Runway

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

⛈️

Warning

High probability of dilution event

model est. 57%

🔄 Reverse Split model est. 70%

• 50-day avg $0.49 below $1 exchange minimum

• Only 3 months cash — financial pressure

💰 Capital Raise model 55%

• Low cash runway: 3 months remaining

• Active shelf registration ($9M, 76% of market cap)

📉 Score Deterioration model 30%

• Score climbed 6 points (worsening)

• Score already CRITICAL (84/100) — events likely imminent

🔔 Track NCPL — Get forecast alerts →

Market Data

Market Cap$12.09M

Shares Outstanding7.85M

Float4.39M

Cash$2.47M

Debt$2.91M

Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

Field	Current Value	Basis
DilutionScore	84/100	DilutionWatch score record
Shares Outstanding	7.85M	Verified float table or market cache
Public Float	4.39M	Verified float table or market cache
Market Cap	$12.09M	Market data cache
Cash Runway	3.4 months	DilutionWatch score inputs
Shelf Capacity	$9.21M	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	None in current score inputs	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 3 1, 8-K 4, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 13.2% shares (2026Q1 vs prior)

11 institutional holders · 222.4K shares

#1 GEODE CAPITAL MANAGEMENT, LLC 72.2K shares

#2 VANGUARD CAPITAL MANAGEMENT LLC 41.2K shares

#3 CITADEL ADVISORS LLC 38.6K shares

+ 8 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest730.1K

Days to Cover1.0

% of Float16.6%

FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2025-08-12

xbrl XBRL CONVERTIBLE 2024-07-29

8-K 8K EVENT 2026-07-09

8-K 8K EVENT 2026-07-08

8-K 8K EVENT 2026-06-10

Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual NCPL Dilution Snapshot

Netcapital Inc. (NCPL) has a DilutionScore of 84/100, rated Critical dilution risk. Score date: October 13, 2026.

Stored shelf registration capacity: $9.2M.
Recent SEC activity tracked for NCPL: 8-K on 2026-07-09; 8-K on 2026-07-08; 8-K on 2026-06-10.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

NCPL's DilutionScore is currently 84/100 (Critical risk), with 4 score changes tracked over 89 days. The score improved from 78/100 (Critical risk).

Period	Score	Risk Level	Duration
Oct 11 – Oct 13, 2026	84/100	CRITICAL	3 days
Oct 08 – Oct 10, 2026	78/100	CRITICAL	3 days
Sep 28 – Oct 07, 2026	84/100	CRITICAL	10 days
Sep 14 – Sep 27, 2026	87/100	CRITICAL	14 days
Jul 16 – Sep 13, 2026	84/100	CRITICAL	59 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

NCPL shares outstanding have decreased 0.0% from 7.85M (Mar 2026) to 7.85M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 12, 2026	7.85M	4.39M	▲ 0.67%
Mar 22, 2026	7.85M	4.36M	▲ 14.27%
Mar 05, 2026	7.85M	3.81M	▼ 30.69%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track NCPL Dilution Risk in Real-Time

DilutionWatch monitors SEC filings 24/7 and alerts you the moment NCPL files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.

Start Tracking NCPL — Free

Email alert within minutes of any SEC filing Daily DilutionScore™ recalculation Score history & trend tracking Tracks 8,000+ tickers simultaneously