NETCLASS TECHNOLOGY INC. (NETCLASS), a leading B2B smart education IT solutions provider with a presence in Shanghai, Hong Kong, and Singapore, today priced its initial public offering (IPO) of 1,800,000 Class A ordinary shares at $5.00 per share, generating estimated gross proceeds of $9,000,000 before expenses. These shares are slated for listing on the Nasdaq Capital Market under the ticker symbol “NTCL,” with trading expected to commence on December 13, 2024.

The underwriters hold a 45-day option to purchase up to an additional 270,000 Class A ordinary shares at the IPO price, less discounts, to cover potential over-allotments.

This firm commitment offering’s proceeds will fund courseware and online platform development, expand application development and subscription services, bolster marketing and branding efforts, and support working capital and general corporate needs. The offering is anticipated to close around December 16, 2024, contingent upon customary closing conditions.

Newbridge Securities Corporation and Revere Securities, LLC are the underwriters. Ortoli Rosenstadt LLP serves as U.S. counsel for NETCLASS, while Sichenzia Ross Ference Carmel LLP represents Newbridge Securities Corporation, acting as the underwriters’ representative.

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

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities where prohibited by law.

About NETCLASS TECHNOLOGY INC.

NETCLASS TECHNOLOGY INC. is a leading B2B smart education solutions provider serving schools, training institutions, corporations, and public agencies across Shanghai, Hong Kong, and Singapore. Our offerings encompass SaaS subscriptions and application software development, covering teaching and campus management, online teaching, examinations, epidemic prevention, data storage, EDC (Education Credit) blockchain systems, and lecturer evaluation. Our focus is on providing high-quality, reliable products that foster customer growth. For more information, please visit:

Forward-Looking Statements

This announcement includes forward-looking statements, including regarding the IPO. These statements involve inherent risks and uncertainties and are based on current expectations. Forward-looking statements can be identified by words like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” and similar expressions. The Company disclaims any obligation to update forward-looking statements, except as required by law. While the Company believes these expectations are reasonable, actual results may differ materially. Investors are urged to review the Company’s registration statement and other SEC filings for additional 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: