NetCapital (NCPL) said late Thursday it has closed its registered direct offering of 641,712 shares at $4.675 each for gross proceeds of roughly $3 million.
The company also said it issued short-term warrants to purchase up to 641,712 shares at an exercise price of $4.55 per share.
Netcapital said it plans to use the net proceeds for debt repayment and for general working capital purposes.
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