NetClass Technology Inc. to Offer 1.8M Shares
Ticker: NTCL · Form: 6-K · Filed: Dec 17, 2024 · CIK: 1927578
| Field | Detail |
|---|---|
| Company | Netclass Technology Inc (NTCL) |
| Form Type | 6-K |
| Filed Date | Dec 17, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00025, $5, $9 million, $5.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: offering, shares, underwriting
TL;DR
NetClass Tech selling 1.8M shares via underwritten offering on Dec 12th.
AI Summary
On December 12, 2024, NetClass Technology Inc. entered into an underwriting agreement with Newbridge Securities Corporation for a firm commitment underwritten public offering. The company agreed to sell 1,800,000 Class A ordinary shares at a par value of $0.00025 per share.
Why It Matters
This offering represents a significant capital raise for NetClass Technology Inc., potentially funding future growth and operations.
Risk Assessment
Risk Level: medium — Underwritten public offerings can be subject to market conditions and may dilute existing shareholders.
Key Numbers
- 1,800,000 — Class A Ordinary Shares (Number of shares to be sold in the public offering)
Key Players & Entities
- NetClass Technology Inc (company) — Issuer of shares
- Newbridge Securities Corporation (company) — Representative of the underwriters
- 1,800,000 (dollar_amount) — Number of Class A ordinary shares to be sold
- December 12, 2024 (date) — Date of the underwriting agreement
FAQ
What is the total number of Class A ordinary shares NetClass Technology Inc. agreed to sell?
NetClass Technology Inc. agreed to sell an aggregate of 1,800,000 Class A ordinary shares.
Who is acting as the representative of the underwriters for this offering?
Newbridge Securities Corporation is acting as the representative of the underwriters.
On what date was the underwriting agreement entered into?
The underwriting agreement was entered into on December 12, 2024.
What is the par value of each Class A ordinary share?
The par value of each Class A ordinary share is $0.00025.
What type of offering is this for the Class A ordinary shares?
This is a firm commitment underwritten public offering.
Filing Stats: 564 words · 2 min read · ~2 pages · Grade level 13 · Accepted 2024-12-17 06:00:59
Key Financial Figures
- $0.00025 — dinary shares of the Company, par value $0.00025 per share (the “Ordinary Shares&r
- $5 — ”), at a public offering price of $5 per share. The Company has also granted
- $9 million — 0.00025 per share for gross proceeds of $9 million.. The Shares were priced at $5.00 per s
- $5.00 — $9 million.. The Shares were priced at $5.00 per share, and the offering was conduct
Filing Documents
- tm2431163d1_6k.htm (6-K) — 15KB
- tm2431163d1_ex1-1.htm (EX-1.1) — 203KB
- tm2431163d1_ex99-1.htm (EX-99.1) — 11KB
- tm2431163d1_ex99-2.htm (EX-99.2) — 11KB
- tm2431163d1_ex91-1img001.jpg (GRAPHIC) — 4KB
- tm2431163d1_ex91-2img001.jpg (GRAPHIC) — 4KB
- 0001104659-24-129111.txt ( ) — 251KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NETCLASS TECHNOLOGY INC Date: December 17, 2024 By: /s/ Jianbiao Dai Name: Jianbiao Dai Title: Chief Executive Officer 3 EXHIBIT INDEX Exhibit No. Description 1.1 Underwriting Agreement 99.1 Press Release on Pricing of the Company’s Initial Public Offering 99.2 Press Release on Closing of the Company’s Initial Public Offering