Netcapital Funding Portal Powers $1.4 Million Capital Raise by Avadain
August 25 2022 - 08:30AM
Business Wire
Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital
private capital markets ecosystem, today announced the successful
completion of a capital offering by Avadain, which developed a
green manufacturing technology to manufacture high quality graphene
flakes and is backed by Panasonic. Avadain’s offering closed on
July 28, 2022, selling 341,685 units at a share price of $4.00 for
a total of approximately $1.37 million in proceeds.
“We congratulate Avadain on their successful capital raise,”
said Jason Frishman, CEO of Netcapital Funding Portal Inc. “Our
unique platform technology is designed to connect interested
investors with private companies like Avadain that are positioned
to bring major innovations to burgeoning markets. Based on investor
interest, we believe Avadain will enjoy an exciting future.”
Avadain has developed an environmentally-friendly process to
mass-produce large, thin and nearly defect-free graphene flakes.
Graphene is widely touted as the material of the 21st Century. It
is believed to be the strongest and thinnest thermal and
electricity-conducting material in the world.1 Graphene is expected
to revolutionize electric vehicles, supercapacitors, batteries,
sensors, renewable energy, and medicine, among other industries.
Virtually no other companies are currently focused on manufacturing
industrial quantities of high-quality graphene flakes.
Brad Larschan, CEO of Avadain, commented, “Avadain was founded
with the mission of unleashing the ‘Graphene Revolution’ by
delivering industrial volumes of our green, high-quality graphene
flakes at an affordable price to address rapidly growing market
demand. We are grateful to Netcapital for bringing our investment
story and mission to thousands of prospective investors. The funds
we raised through the Netcapital funding portal will help us expand
our global patent portfolio, produce samples which industry has
been asking for, and fund operations to meet the explosive
projections for graphene demand across high-growth markets.”
Netcapital.com is an SEC-registered funding portal that enables
private companies to raise capital online, while investors are able
to invest from almost anywhere in the world, at any time, with just
a few clicks. Securities offerings on the portal are accessible
through individual offering pages, where companies include product
or service details, market size, competitive advantages, and
financial documents. Companies can accept investment from virtually
anyone, including friends, family, customers, and employees.
About Netcapital Inc.
Netcapital Inc. is a fintech company with a scalable technology
platform that allows private companies to raise capital online and
provides private equity investment opportunities to investors. The
company's consulting group, Netcapital Advisors, provides marketing
and strategic advice and takes equity positions in select companies
with disruptive technologies. The Netcapital funding portal is
registered with the U.S. Securities & Exchange Commission (SEC)
and is a member of the Financial Industry Regulatory Authority
(FINRA), a registered national securities association.
The information contained herein includes forward-looking
statements. These statements relate to future events or to our
future financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results
to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown
risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects our current
views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity.
We assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future.
1 Wall Street Journal
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Investor Contact 800-460-0815 ir@netcapital.com
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