Financing ·
NetClass Technology Inc entered into a securities purchase agreement with Dragonsoft Holding Limited to issue and sell…
NTCLNetClass Technology Inc
NetClass Technology Inc entered into a securities purchase agreement with Dragonsoft Holding Limited to issue and sell 100,000 Class B Ordinary Shares at $2.69 per share. The transaction was completed on August 5, 2026, following the closing price of the Company’s Class A ordinary shares on July 31, 2026. Dragonsoft Holding Limited is controlled by Dr. Jianbiao Dai, the Company's Chief Executive Officer and Chairman. Following this issuance, the Buyer holds 100% of the outstanding Class B ordinary shares, representing 77.93% of the total voting power of the Company's issued and outstanding Class A and Class B ordinary shares combined. The transaction was executed pursuant to exemptions from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation S. NetClass Technology Inc operates in the technology sector, providing software solutions for the education industry.