Why Netcapital Stocks Are Coming Down – Netcapital (NASDAQ:NCPL)

Why Netcapital Stocks Are Coming Down – Netcapital (NASDAQ:NCPL)

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Netcapital Inc NCPL Shares are trading 29.50% lower at $1.55 on Wednesday morning after the company announced pricing for a public offering.

All common shares 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 Delta Airlines Stock Is Soaring Today: “Demand for Air Travel Remains Robust”

According to data from Gasoline ProNCPL has a 52-week high of $15.00 and a 52-week low of $1.15.

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