SCHEDULE 13G/A] Netcapital Inc. Amended Passive Investment Disclosure
3i Group, along with 3i Management LLC and Maier Joshua Tarlow, reported beneficial ownership of 505,935 warrant-based shares in Netcapital Inc. (NCPL) through an Amendment No. 3 to Schedule 13G/A. These shares represent approximately 6.06% to 6.1% of the class, calculated based on 7,847,899 shares outstanding as of March 24, 2026. The reporting persons clarified that the ownership consists of shares issuable upon exercise of common stock purchase warrants and that they collectively hold shared voting and dispositive power over these shares.