Proxy Results (Form 8-K)

Item 5.07 Submission of Matters to a Vote of Security Holders.

On September 11, 2025, Netcapital Inc. (the "Company") held its annual meeting of shareholders, (the "Annual Meeting") for the purpose of holding a shareholder vote on the proposals set forth below. A total of 2,696,702 shares of the Company's common stock constituting a quorum, were represented in person or by valid proxies at the Annual Meeting, or approximately 88%, our of 3,040,380 shares of the Company's common stock outstanding as of the July 3, 2025 record date.

At the Annual Meeting, the Company's shareholders (i) re-elected by a plurality of the votes represented at the Annual Meeting, each of Martin Kay, Cecilia Lenk, Avi Liss, Steven Geary and Arnold Scott as members of the Company's board of directors to serve until the 2026 annual meeting of shareholders or until their respective successors have been duly elected and qualified, or until such director's earlier resignation, removal or death; (ii) did not ratify the appointment of Fruci & Associates II, PLLC ("Fruci") as the Company's independent registered public accounting firm for the fiscal year ending April 30, 2026; (iii) did not approve the non-binding advisory vote on the resolution approving named executive officer compensation; (iv) did not approve the First Amendment and the Second Amendment to the Netcapital Inc. 2023 Omnibus Equity Incentive Plan; (v) did not authorize the reincorporation of the Company from the State of Utah to the State of Nevada; and (vi) did not authorize the adjournment of the Annual Meeting if necessary or appropriate, including to solicit additional proxies in the event that there are not sufficient votes at the time of the Annual Meeting or adjournment or postponement thereof to approve any of the foregoing proposals.

Regarding the proposal to ratify Fruci as the Company's independent registered public accounting firm for the year ended April 30, 2026, shareholder ratification of the Company's independent registered public accounting firm is not required by law.

The final results for each of the matters submitted to a vote of shareholders at the Annual Meeting, as set forth in the Company's Definitive Proxy Statement, filed with the Securities and Exchange Commission on August 14, 2025, are as follows: