Netclass Technology Inc. Stock Price, News & Analysis

NetClass Technology (NASDAQ:NTCL), a leading B2B smart education IT solutions provider, has secured a significant contract for the "Smart Digital Campus Construction" project at Shanghai East China Model High School. The project, valued at CNY 3.38 million (US$0.47 million), involves implementing comprehensive digital campus solutions.

With offices across Shanghai, Hong Kong, Singapore, and Tokyo, NetClass will leverage its expertise to design and implement an integrated suite of smart campus solutions focused on enhancing learning, streamlining administration, and creating more efficient educational environments. CEO Dr. Jianbiao Dai highlighted this achievement as a strategic milestone in the company's expansion into digital-intelligent campus solutions.

NETCLASS Technology (NASDAQ: NTCL), a B2B smart education IT solutions provider, has signed a Framework Agreement for Cooperation with Singapore's Nanyang Institute of Social Sciences. The partnership aims to enhance course delivery through NetClass's AI capabilities while leveraging Nanyang Institute's local network for Singapore market expansion. The collaboration includes plans to co-develop a smart digital learning platform for social and management sciences, featuring integrated systems for teaching, learning, and assessment. Future plans may include equity-level cooperation. CEO Dr. Jianbiao Dai emphasized this partnership as crucial for NetClass's global expansion strategy, particularly in Southeast Asia's education market, supporting their mission to build a globally scalable AI-powered education ecosystem.

NETCLASS Technology (NASDAQ: NTCL), a leading B2B smart education IT solutions provider, has signed a strategic cooperation agreement with the School of Foreign Languages at East China Normal University to develop smart education solutions in computational linguistics. The partnership includes:

• Establishment of a "Joint Research and Development Center for Language and Educational Technology"
• Launch of "AI + Language Teaching System Development" course with corporate mentors
• Provision of internship opportunities in language assessment and adaptive learning
• Commitment to hire approximately 10 graduates annually

The collaboration aims to bridge academic research with practical applications, focusing on integrating technology with language education. East China Normal University, ranked among the top five mainland Chinese universities in Education, will provide academic expertise while NetClass contributes industry experience and career opportunities.

NETCLASS TECHNOLOGY (NASDAQ: NTCL) has provided an update on its AI Foreign Language Teaching System, which has been successfully deployed across 71 colleges in 20 Chinese provinces, serving over 20,000 teachers and students. The system, covering 500+ courses and generating 300,000+ contextual dialogues, features four core modules: AI Multilingual Scenario Dialogue supporting multiple languages, AI Intelligent Composition Correction, Reading and Pronunciation Training, and a Teaching Data Dashboard. Through its "AI English Go" and "Multilingual Go" platforms, NetClass supports teaching in English, Spanish, German, Japanese, and French. The company plans to expand its offerings with vocabulary, listening, and speech modules in late 2025.

NETCLASS TECHNOLOGY INC. (NTCL) has announced the acquisition of a 51% stake in Tokyo-based CreateSolutions Co., through a JPY 2,550,000 investment for 255 shares. CreateSolutions specializes in software development, data analysis, business consulting, corporate innovation training, business process optimization, and innovative product design.

The strategic acquisition establishes NETCLASS's operational presence in Tokyo, expanding its footprint beyond its existing offices in Shanghai, Hong Kong, and Singapore. This move aligns with the company's long-term expansion strategy across Asia, aiming to enhance software development capabilities, improve product quality, and diversify its customer base.

NETCLASS TECHNOLOGY announced the full exercise of the over-allotment option by its IPO underwriters to purchase an additional 270,000 Class A ordinary shares at $5.00 per share, generating extra gross proceeds of $1.35 million. The total IPO size increased to 2,070,000 shares with gross proceeds of $10.35 million before expenses.

The company's shares began trading on the Nasdaq Capital Market under the symbol 'NTCL' on December 13, 2024. The offering was conducted on a firm commitment basis with Newbridge Securities and Revere Securities as underwriters. The over-allotment option closing occurred on January 03, 2025.

NETCLASS is a B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, and Singapore. The SEC declared the registration statement effective on December 12, 2024.

NETCLASS TECHNOLOGY, a B2B smart education IT solutions provider, has successfully completed its initial public offering (IPO) of 1,800,000 Class A ordinary shares at $5.00 per share, raising $9 million in gross proceeds. The company's shares began trading on the Nasdaq Capital Market under the symbol NTCL on December 13, 2024.

The underwriters have a 45-day option to purchase up to 270,000 additional shares. Proceeds will fund courseware and online technology platform development, expansion of services, marketing, and working capital. Newbridge Securities and Revere Securities acted as underwriters for the offering.

NETCLASS TECHNOLOGY, a B2B smart education IT solutions provider, announced the pricing of its initial public offering of 1,800,000 Class A ordinary shares at $5.00 per share, raising $9,000,000 in gross proceeds. The shares will trade on the Nasdaq Capital Market under symbol NTCL starting December 13, 2024.

The company granted underwriters a 45-day option to purchase up to 270,000 additional shares. Proceeds will fund courseware and online platform development, expansion of services, marketing, and working capital. The offering is expected to close around December 16, 2024, with Newbridge Securities and Revere Securities acting as underwriters.