Shanghai and Hong Kong-based NETCLASS TECHNOLOGY INC. (NETCLASS), a leading provider of B2B smart education IT solutions, completed its initial public offering (IPO) on December 16, 2024. The IPO involved 1,800,000 Class A ordinary shares offered at $5.00 per share, generating gross proceeds of $9,000,000 before expenses.

Underwriters have a 45-day option to purchase up to an additional 270,000 Class A ordinary shares at the IPO price (less underwriting discounts) to cover potential over-allotments. Trading of NTCL commenced on the Nasdaq Capital Market on December 13, 2024.

The firm commitment offering’s proceeds will fund courseware and online platform development, expand application development and subscription services, support marketing and branding, and provide working capital.

Newbridge Securities Corporation and Revere Securities, LLC acted as underwriters. Ortoli Rosenstadt LLP served as U.S. counsel for NETCLASS, and Sichenzia Ross Ference Carmel LLP represented Newbridge Securities Corporation (as underwriter representative).

The SEC declared effective the Form F-1 registration statement (File No. 333-278224) on December 12, 2024. The final prospectus is available on the SEC website (www.sec.gov) and from Newbridge Securities Corporation (1200 North Federal Highway, Suite 400, Boca Raton, FL 33432; (877) 447-9625; [email protected]).

Potential investors should review the prospectus and SEC filings for complete information. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such activity is illegal.

About NETCLASS TECHNOLOGY INC.

NETCLASS TECHNOLOGY INC. is a leading B2B smart education technology company with operations in Shanghai, Hong Kong, and Singapore. It offers innovative IT solutions to various organizations, including SaaS subscriptions and application software development for teaching, campus management, online learning, examinations, epidemic prevention, data storage, EDC (Education Credit) blockchain systems, and lecturer evaluations. Its mission is to provide high-quality, reliable products that foster sustainable customer growth. For more details, visit the company website:

Forward-Looking Statements

This announcement contains forward-looking statements, including those regarding the IPO. These statements involve risks and uncertainties, based on NETCLASS’s current expectations about future events impacting its financial condition, results, strategy, and needs. Forward-looking terms include “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” and similar expressions. NETCLASS disclaims any obligation to update forward-looking statements unless legally required. While NETCLASS believes its expectations are reasonable, actual results may differ materially. Investors should review the company’s registration statement and SEC filings for more information.

For investor and media inquiries, please contact:

NETCLASS TECHNOLOGY INC.
Investor Relations
Email:

Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: