Netcapital Inc (NCPL)

Netcapital Inc (NCPL) stock dropped by 41.49% due to the company's announcement of a public offering of 16 million shares, at a combined price of 25 cents per share and associated warrants. The warrants had an exercise price of 25 cents per share and could be exercised after stockholder approval. The offering was expected to provide the company with approximately $4 million in proceeds for sales and marketing, as well as general working capital. Investor sentiment reacted negatively to this announcement, resulting in the significant drop in NCPL's stock price.