# EDGAR Filing Document

**Accession Number:** 0001414767
**File Stem:** 0001641172-25-025080
**Filing Date:** 2025-8
**Character Count:** 2724
**Document Hash:** cfc701cc2ff3b031058e644f387dcaed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001641172-25-025080.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001641172-25-025080

**CONFORMED SUBMISSION TYPE**: RW

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Netcapital Inc.
- **CENTRAL INDEX KEY:** 0001414767
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 870409951
- **STATE OF INCORPORATION:** UT
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** RW

**SEC ACT:**
- **SEC FILE NUMBER:** 333-286555
- **FILM NUMBER:** 251240739

**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

**NETCAPITAL INC.**

**1 Lincoln Street**

**Boston, MA 02111**

August 21, 2025

**<u>VIA EDGAR</u>**

United States Securities and Exchange Commission

100 F. Street, NE

Washington, DC 20549

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| | |
|:---|:---|
| **Re:** | **Netcapital Inc.** |
|  | **Withdrawal of Registration Statement on Form S-1** |
|  | **File No. 333-286555** |

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Dear Ladies and Gentlemen:

Pursuant to Rule 477 under the Securities Act of 1933, as amended (the "Securities Act"), Netcapital Inc. (the "Registrant") hereby requests the immediate withdrawal of the above-referenced registration statement, together with all exhibits and amendments thereto (the "Registration Statement"). The Registration Statement was initially filed with the Securities and Exchange Commission (the "SEC") on April 15, 2025.

The Registrant is requesting to withdraw the Registration Statement because it has elected to register the securities originally registered for resale on the Registration Statement, along with new securities for resale, on new registration statement on Form S-1 (File No. 33-289711) filed on August 19, 2025. The Registrant confirms that the Registration Statement was never declared effective and that no securities were sold for resale as contemplated by the Registration Statement.

Please direct any questions or comments regarding this correspondence to our counsel, Richard Friedman of Sheppard Mullin Richter & Hampton LLP, at (212) 634-3031.

Thank you for your assistance in this matter.

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| |
|:---|
| Sincerely, |
| Netcapital Inc. |
| /s/ Martin Kay |
| Martin Kay, Chief Executive Officer |

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