TLDR
- Netcapital acquired Rivetz Corp’s blockchain and cybersecurity assets for 950,000 shares of common stock on December 3, 2025
- Martin Kay resigned as CEO on December 3, with Rich Wheeless appointed as new CEO on December 7, 2025
- The company granted a 1,000,000-share restricted stock award to a new employee under its 2023 Omnibus Equity Incentive Plan
- Stock jumped 112-118% on December 9, rising from $0.66 to approximately $1.43
- Strategic shift focuses on expanding from traditional securities into crypto and blockchain-enabled investments
Netcapital Inc. experienced a dramatic stock surge on December 9, 2025, climbing 112% after announcing a major inducement stock grant. The stock rose from $0.66 to $1.43 during trading.
The rally came after the company granted a 1,000,000-share restricted stock award to a new employee. This grant falls under Netcapital’s 2023 Omnibus Equity Incentive Plan. Trading volume exploded to 229,835,997 shares, far exceeding the average daily volume of 410,682 shares.
The stock opened at $1.05 and reached a high of $1.94 during the session. The 52-week range for NCPL extends from $0.62 to $8.75.
Just days earlier, on December 3, Netcapital entered into an Asset Purchase Agreement with Rivetz Corp. The deal brought nearly all assets related to Rivetz’s “Rivetz Network” under Netcapital’s control. This network combines hardware-based cybersecurity with blockchain services.
Netcapital issued 950,000 shares of common stock to Rivetz as payment for the acquisition. The move aims to strengthen the company’s technological capabilities in both cybersecurity and blockchain sectors.
New Leadership Takes The Helm
The same day as the Rivetz acquisition, Martin Kay stepped down as CEO. Rich Wheeless took over the position on December 7, 2025. Wheeless brings extensive financial leadership experience to the role.
His appointment signals a strategic direction change for the company. Netcapital plans to expand beyond its traditional securities business into crypto and blockchain-enabled investments.
Current Financial Position
The company currently holds a market cap of $4.14 million. Analyst ratings show a Hold recommendation with a $2.50 price target.
Netcapital operates as a fintech company providing a technology platform for private companies to raise capital online. The company runs through its consulting group, Netcapital Advisors, and its funding portal, Netcapital Funding Portal, Inc.
Broker-Dealer Operations
The company also maintains Netcapital Securities Inc., a registered broker-dealer with the SEC. Both the funding portal and broker-dealer are FINRA members.
The technical sentiment signal currently shows a Sell rating. Trading activity on December 9 saw the stock move between $1.04 and $1.94.
The Rivetz Network acquisition brings new technological assets to Netcapital’s portfolio. These assets integrate hardware-based security measures with blockchain technology.
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