Netcapital Funding Portal Users Raise $1.07 Million for KMX Technologies
Summary
BOSTON--(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 KMX Technologies, an innovative creator of zero-waste solutions using proprietary technology spanning water, lithium, and critical minerals. KMX Technologies offering closed on August 5, 2022, selling 718,120 units at a unit price of $1.49 for a total of $1,069,999 in proceeds.We are pleased to announce the latest successful capital raise on our platform another example of how we help fund innovation for exciting early-stage companies, said Jason Frishman, CEO of Netcapital Funding Portal Inc. KMX raised the maximum amount for its offering through strong enthusiasm from our community of investors committed to making great companies thrive. We congratulate KMX for their success and look forward to their continuing business growth and development.KMX Technologies is solving the most critical environmental and energy challenges of the 21st century. Through its proprietary membrane distillation technology, the company is accelerating energy storage with its direct lithium recovery enhancement processes, sustainably sourcing critical minerals necessary for next generation supply chains and infrastructure, and advancing wastewater treatment.Zachary Sadow, CEO of KMX Technologies, commented, The Netcapital platform simplified the fundraising process for us and delivered an outstanding outcome that met the maximum amount of our offering. 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.