Rosen Law Firm Files Securities Fraud Lawsuit Against Netcapital Inc.

Rosen Law Firm, a global investor rights law firm, announced it has filed a class action lawsuit against Netcapital Inc. (NASDAQ: NCPL). The suit is on behalf of purchasers of the company's securities between December 15, 2021, and September 3, 2026, inclusive.

The lawsuit alleges that Netcapital improperly recognized revenues from purported consulting agreements that were allegedly sham transactions. The complaint further claims that Netcapital failed to disclose related-party transactions involving its CEO, John Fanning, and that certain consulting agreements were backdated or forged. It also asserts that Netcapital's Sarbanes-Oxley Act certifications were false.

According to the firm, these alleged misrepresentations and omissions led to damages for investors when the true details became public. Rosen Law Firm is seeking investors who purchased Netcapital securities during the specified period to come forward to potentially serve as lead plaintiff in the case.

Interested investors must file a motion with the Court by December 7, 2026, to be considered for lead plaintiff. Rosen Law Firm has a track record in securities class actions and encourages investors to consult with counsel regarding their rights.