NCPL · Netcapital Inc. · Executive Compensation
$1.57
+0.26 (+19.85%)
At close · Oct 28
Return incl. dividend (before tax)
Q2 2026 earnings call transcript
Going-concern doubt
— flagged Mar 19, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Our management has determined, based on its recent history and the negative cash flow from operations, that it is unlikely that its plan will sufficiently alleviate or mitigate, to a sufficient level, the relevant conditions or events noted above. To the extent that funds generated from any private placements, public offerings and/or bank financing, if available, are insufficient, we will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on acceptable terms. Accordingly, our management has concluded that these conditions raise substantial doubt about our ability to continue as a going concern.”View the 10-Q filed Mar 19, 2026
Market Cap
$10.28M
Shares
7.85M
Volume · Oct 28
9M
Avg daily vol (3M)
23.8M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Martin Kay | Chief Executive Officer | $375,777 |
| Coreen Kraysler | Chief Financial Officer | $275,777 |
| Jason Frishman | Founder | $225,261 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Martin Kay | Chief Executive Officer | $589,972 |
| Coreen Kraysler | Chief Financial Officer | $322,240 |
| Jason Frishman | Founder | $285,274 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Jason Frishman | Founder | $217,062 |
| Coreen Kraysler | Chief Financial Officer | $215,062 |
| Martin Kay | Chief Executive Officer | $175,924 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Cesar Herrera | member of the Audit Committee | Appointed | 2026-09-03 |
| Cesar Herrera | director | Appointed | 2026-09-03 |
| Avi Liss | member of the Board of Directors | Resigned | 2026-09-03 |
| Cecilia Lenk | Chief Executive Officer of Netcapital Advisors Inc. | Resigned | 2026-08-25 |
| Cecilia Lenk | Board of Directors of Netcapital Inc. | Resigned | 2026-08-25 |
| Todd Violette | Chief Executive Officer | Appointed | 2026-04-16 |
| Rich Wheeless | Chief Executive Officer | Terminated | 2026-04-16 |
| Rich Wheeless | CEO | Appointed | 2025-12-09 |
| Rich Wheeless | Chief Executive Officer | Appointed | 2025-12-09 |
| Kevin Kilduff | General Counsel | Appointed | 2025-12-09 |
| Martin Kay | director | Resigned | 2025-12-09 |
| Martin Kay | Chief Executive Officer | Resigned | 2025-12-09 |
| Matt Morgan | Crypto Advisory Board member | Appointed | 2025-06-12 |
| Nadeem Dossa | Game Advisory Board member | Appointed | 2025-06-12 |
| Greg Engelsbe | Game Advisory Board member | Appointed | 2025-06-12 |
| Jared Peterson | Game Advisory Board member | Appointed | 2025-06-12 |
| Nik Redenko | Game Advisory Board member | Appointed | 2025-06-12 |
| Peter Voogd | Game Advisory Board member | Appointed | 2025-06-12 |
| Trey Smith | Game Advisory Board member | Appointed | 2025-06-12 |
| Nik Rudenko | Member of Game Advisory Board | Appointed | 2025-06-12 |
| Nadeem Dossa | Member of Game Advisory Board | Appointed | 2025-06-12 |
| Peter Voogd | Member of Game Advisory Board | Appointed | 2025-06-12 |
| Jared Peterson | Member of Game Advisory Board | Appointed | 2025-06-12 |
| Trey Smith | Member of Game Advisory Board | Appointed | 2025-06-12 |
| Josh Meier | Member of Crypto Advisory Board | Appointed | 2025-06-12 |
Leadership
- Jason Frishman CEO
- Martin Kay CEO
- Rich Wheeless CEO
- Todd Violette CEO
- Coreen Kraysler CFO
- Kevin Kilduff General Counsel
- Arnold Scott Board Member
- Cesar Herrera Board Member
- Steven Geary Board Member