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Netclass Technology Inc. (NTCL) delivers innovative smart education solutions through SaaS platforms and custom application development. This news hub provides investors and industry professionals with verified updates on corporate developments, strategic initiatives, and operational milestones.
Access official press releases covering financial results, product launches, and partnership announcements. Our curated selection includes updates on teaching management systems, campus administration tools, and blockchain-based education credentials – core components of NTCL's B2B ed-tech offerings.
Bookmark this page for streamlined tracking of NTCL's progress in digitizing educational workflows. Regular updates ensure timely awareness of developments impacting the company's position in the competitive educational technology sector.
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.
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