# EDGAR Filing Document

**Accession Number:** 0001807347
**File Stem:** 0001493152-23-003836
**Filing Date:** 2023-2
**Character Count:** 8889
**Document Hash:** cd4c21166106fb1c9699c413d54931b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-003836.hdr.sgml**: 20230207

**ACCESSION NUMBER**: 0001493152-23-003836

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230207

**DATE AS OF CHANGE**: 20230207

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Netcapital Inc.
- **CENTRAL INDEX KEY:** 0001414767
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **IRS NUMBER:** 870409951
- **STATE OF INCORPORATION:** UT
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-89391
- **FILM NUMBER:** 23595075

**BUSINESS ADDRESS:**
- **STREET 1:** 1 LINCOLN STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111
- **BUSINESS PHONE:** (781) 925-1700

**MAIL ADDRESS:**
- **STREET 1:** 1 LINCOLN STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ValueSetters Inc.
- **DATE OF NAME CHANGE:** 20140924

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ValueSetters Corp
- **DATE OF NAME CHANGE:** 20071011
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SLS GROUP LLC
- **CENTRAL INDEX KEY:** 0001807347
- **IRS NUMBER:** 263685947
- **STATE OF INCORPORATION:** UT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 6582 S BIG COTTONWOOD CANYON RD. #200
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84121
- **BUSINESS PHONE:** 801.598.5666

**MAIL ADDRESS:**
- **STREET 1:** 6582 S BIG COTTONWOOD CANYON RD. #200
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Stock Loan Solutions LLC
- **DATE OF NAME CHANGE:** 20200320

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 13G/A**

**Under the Securities Exchange Act of 1934**

**(Amendment No. 1)\***

**Netcapital Inc.**

(Name of Issuer)

Common Stock

(Title of Class of Securities)

64113L103

(CUSIP Number)

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

February 7, 2023

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

<sup>\*</sup> The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 64113L103 13G Page 2 of 6 Pages

1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES
 ONLY) SLS Group, LLC 26-3685947

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☐ (b) ☒

3. SEC USE ONLY

4. CITIZENSHIP OR PLACE OF ORGANIZATION Utah

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| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 5. | SOLE VOTING POWER<br>33,510<br>|
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 6. | SHARED VOTING POWER<br>|
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 7. | SOLE DISPOSITIVE POWER<br>95,798 (Based on 33,510 Common Shares and 62,288 Warrants)<br>|
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON WITH | 8. | SHARED DISPOSITIVE POWER<br>|

---

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
 PERSON 95,798 (Based on 33,510 Common Shares and 62,288 Warrants)

10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
 CERTAIN SHARES (see
 instructions) ☐

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.73%

12. TYPE OF REPORTING PERSON (see instructions)

CUSIP No. 64113L103 13G Page 3 of 6 Pages

**Item 1.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) Name
 of Issuer Netcapital
 Inc.

(b) Address
 of Issuer's Principal Executive Offices 1
 Lincoln Street Boston, MA 02111

**Item 2.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) Name
 of Person Filing SLS
 Group, LLC

(b) Address
 of the Principal Office or, if none, residence 6582
 South Big Cottonwood Canyon Road, Suite 200 Salt Lake City, UT 84121

(c) Citizenship United
 States

(d) Title
 of Class of Securities Common
 Stock

(e) CUSIP
 Number 64113L103

CUSIP No. 64113L103 13G Page 4 of 6 Pages

**Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

&nbsp;&nbsp;&nbsp;&nbsp;(a) ☐ Broker
 or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) ☐ Bank
 as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) ☐ Insurance
 company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) ☐ Investment
 company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) ☐ An
 investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f) ☐ An
 employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g) ☐ A
 parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

(h) ☐ A
 savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) ☐ A
 church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of
 1940 (15 U.S.C. 80a-3);

(j) ☐ Group,
 in accordance with §240.13d-1(b)(1)(ii)(J).

**Item 4. Ownership.**

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a) Amount
 beneficially owned: 95,798 (Based on 33,510 Common Shares and 62,288
 Warrants)

(b) Percent
 of class: 0.73%

(c) Number
 of shares as to which the person has:

(i) Sole
 power to vote or to direct the vote 33,510

(ii) Shared
 power to vote or to direct the vote .

(iii) Sole
 power to dispose or to direct the disposition of . 95,798 (Based on 33,510 Common Shares and 62,288
 Warrants)

(iv) Shared
 power to dispose or to direct the disposition of .

 

*Instruction*. For computations regarding securities which represent a right to acquire an underlying security *see* §240.13d-3(d)(1).

CUSIP No. 64113L103 13G Page 5 of 6 Pages

**Item 5. Ownership of Five Percent or Less of a Class.**

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.

*Instruction*. Dissolution of a group requires a response to this item.

**Item 6. Ownership of More than Five Percent on Behalf of Another Person.**

**Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.**

**Item 8. Identification and Classification of Members of the Group.**

**Item 9. Notice of Dissolution of Group.**

**Item 10. Certification.**

---

| | |
|:---|:---|
| (a) | The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): |
|  | By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
| (b) | The following certification shall be included if the statement is filed pursuant to §240.13d-1(c): |
|  | By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |

---

CUSIP No. 64113L103 13G Page 6 of 6 Pages

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| |
|:---|
| February 7, 2023<br>|
| Date |
| */s/ Joe Thomas*<br>|
| Signature |
| Joe Thomas / Managing Member<br>|
| Name/Title |

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