NetClass Technology Announces $1.2M Registered Direct Offering Of 3M Shares At $0.40/Share

- NetClass Technology Inc (NASDAQ:NTCL) (the "Company"), a B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore and Tokyo, today announced that it has entered into securities purchase agreements with a single institutional investor for the purchase and sale of 3,000,000 Class A Ordinary Shares (the "Shares") (or pre-funded warrants in lieu thereof), at an offering price of $0.40 per share in a registered direct offering (the "Offering").

The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.2 Million before deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about November 6, 2026, subject to the satisfaction of customary closing conditions.

Univest Securities, LLC is acting as the sole placement agent.