Why Netcapital Shares Are Trading Sharply Lower During Tuesday's After-Hours Session

Loading...
Loading...

Netcapital Inc NCPL shares are trading lower by 15.45% to $1.86 during Tuesday's after-hours session. The company announced that it intends to offer to sell shares of its common stock in an underwritten public offering.

All of the shares of common stock are to be sold by Netcapital. The company intends to use the net proceeds from the offering primarily for general corporate purposes, capital expenditures, working capital and general and administrative expenses.

See Also: Why New Fortress Energy Shares Are Rising During Tuesday's Session

According to data from Benzinga Pro, NCPL has a 52-week high of $15.00 and a 52-week low of $1.15.

Market News and Data brought to you by Benzinga APIs
Posted In: Penny StocksAfter-Hours CenterMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...