Financing ·
NetClass Technology raises $1.2M in registered direct offering of Class A ordinary shares
NTCLNetClass Technology Inc
NetClass Technology Inc entered into a securities purchase agreement with a single institutional investor to issue and sell 675,000 Class A ordinary shares and pre-funded warrants for up to 2,325,000 additional shares. The company also issued allocation rights allowing the purchase of up to 3,000,000 additional shares or warrants within 30 days. Shares were priced at $0.40 each, with pre-funded warrants priced at $0.3875. The offering closed on November 6, 2026, generating approximately $1.2 million in gross proceeds before fees and expenses. NetClass Technology Inc is a B2B smart education IT solutions provider.