NetClass Technology Invests $17,340 for 51% Stake in CreateSolutions
Ticker: NTCL · Form: 6-K · Filed: Mar 10, 2025 · CIK: 1927578
| Field | Detail |
|---|---|
| Company | Netclass Technology Inc (NTCL) |
| Form Type | 6-K |
| Filed Date | Mar 10, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: investment, acquisition, software
TL;DR
NetClass Tech buys 51% of Japan's CreateSolutions for ~$17K.
AI Summary
On February 28, 2025, NetClass Technology Inc. invested JPY 2,550,000 (approximately $17,340) into CreateSolutions Co., Ltd., a Japanese software company. This investment secured a 51% shareholding interest in CreateSolutions, giving NetClass Technology Inc. a controlling stake.
Why It Matters
This strategic investment allows NetClass Technology Inc. to gain control of a Japanese software company, potentially expanding its market reach and product offerings.
Risk Assessment
Risk Level: low — The filing is a routine report of a minor investment and does not indicate significant financial distress or operational changes.
Key Numbers
- $17,340 — Investment Amount (NetClass Technology Inc.'s capital injection into CreateSolutions.)
- 51% — Ownership Stake (NetClass Technology Inc.'s acquired shareholding in CreateSolutions.)
Key Players & Entities
- NetClass Technology Inc (company) — Filer and investor
- CreateSolutions Co.,Ltd. (company) — Investee company
- JPY 2,550,000 (dollar_amount) — Investment amount in Japanese Yen
- $17,340 (dollar_amount) — Approximate investment amount in USD
- February 28, 2025 (date) — Date of investment agreement
FAQ
What is the primary business of CreateSolutions Co., Ltd.?
CreateSolutions Co., Ltd. is described as a software company based in Tokyo, Japan.
What was the exact date the investment agreement was entered into?
The agreement was entered into on February 28, 2025.
How many shares did NetClass Technology Inc. acquire in CreateSolutions?
NetClass Technology Inc. acquired 255 shares of CreateSolutions.
What is the SEC filing number for this report?
The SEC file number is 001-42440.
Where is NetClass Technology Inc. headquartered?
NetClass Technology Inc. is headquartered at 6F, Building A, 1188 Wan Rong Road, Shanghai, People’s Republic of China.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 10, 2025 regarding NetClass Technology Inc (NTCL).