Netcapital Provides Update on SEC Stay
Netcapital announced that a newly approved Nasdaq delisting rule, which would have allowed immediate suspension of companies with a market value of listed securities below $5 million, has been automatically stayed pending review by the full SEC Commission.
Why it matters — The stay temporarily removes a delisting risk that could have directly affected Netcapital, giving the company more time to execute its transformation and turnaround plan.