NetClass Tech to Sell 1.8M Shares in Underwritten Offering
Ticker: NTCL · Form: 6-K · Filed: Jan 3, 2025 · CIK: 1927578
| Field | Detail |
|---|---|
| Company | Netclass Technology Inc (NTCL) |
| Form Type | 6-K |
| Filed Date | Jan 3, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00025, $5.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: offering, shares, underwriting
TL;DR
NetClass Tech is selling 1.8M shares via underwritten offering on Dec 12, 2024.
AI Summary
On December 12, 2024, NetClass Technology Inc. entered into an underwriting agreement with Newbridge Securities Corporation to sell 1,800,000 Class A ordinary shares in a public offering. The shares have a par value of $0.00025 each.
Why It Matters
This offering indicates the company is seeking to raise capital through the sale of its shares, which could fund future growth or operations.
Risk Assessment
Risk Level: medium — Underwritten offerings can dilute existing shareholders and signal a need for capital, which may indicate underlying business challenges.
Key Numbers
- 1,800,000 — Class A ordinary shares (Number of shares to be sold in the public offering)
- $0.00025 — Par value per share (Nominal value assigned to each share)
Key Players & Entities
- NetClass Technology Inc (company) — The company selling shares
- December 12, 2024 (date) — Date of the underwriting agreement
- Newbridge Securities Corporation (company) — The underwriter for the offering
- 1,800,000 (dollar_amount) — Number of Class A ordinary shares to be sold
- $0.00025 (dollar_amount) — Par value per share
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.
When was the underwriting agreement entered into?
The underwriting agreement was entered into on December 12, 2024.
Who is acting as the representative of the underwriters?
Newbridge Securities Corporation is acting as the representative of the underwriters.
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?
This is a firm commitment underwritten public offering.
Filing Stats: 419 words · 2 min read · ~1 pages · Grade level 14.3 · Accepted 2025-01-03 16:45:15
Key Financial Figures
- $0.00025 — dinary shares of the Company, par value $0.00025 per share , at a public offering price
- $5.00 — r share , at a public offering price of $5.00 per share. The Company has also granted
Filing Documents
- tm251867d1_6k.htm (6-K) — 12KB
- tm251867d1_ex99-1.htm (EX-99.1) — 10KB
- tm251867d1_ex99-1img001.jpg (GRAPHIC) — 2KB
- 0001104659-25-000838.txt ( ) — 27KB
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: January 3, 2025 By: /s/ Jianbiao Dai Name: Jianbiao Dai Title: Chief Executive Officer 3 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release dated January 3, 2025, announcing the exercise of the over-allotment option. 4