NetClass Technology Raises $2.4M in Share Sale
Ticker: NTCL · Form: 6-K · Filed: Sep 15, 2025 · CIK: 1927578
| Field | Detail |
|---|---|
| Company | Netclass Technology Inc (NTCL) |
| Form Type | 6-K |
| Filed Date | Sep 15, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00025, $1.60, $2,400,000, $2.4 Million |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-issuance, capital-raise, secondary-offering
TL;DR
NetClass Tech sold 1.5M shares at $1.60 for $2.4M gross. 8/31/25.
AI Summary
On August 31, 2025, NetClass Technology Inc. entered into a securities purchase agreement with an investor to issue and sell 1,500,000 Class A ordinary shares at $1.60 per share, raising gross proceeds of $2,400,000.
Why It Matters
This capital raise provides NetClass Technology with additional funds, potentially for operational expansion or strategic initiatives.
Risk Assessment
Risk Level: medium — The company is issuing new shares, which can dilute existing shareholders, and the filing does not specify the use of proceeds.
Key Numbers
- $2.4M — Gross Proceeds (Raised from the sale of 1,500,000 shares at $1.60 each on August 31, 2025.)
- 1,500,000 — Shares Sold (Class A ordinary shares sold to an investor on August 31, 2025.)
Key Players & Entities
- NetClass Technology Inc. (company) — The company issuing shares.
- August 31, 2025 (date) — Date of the securities purchase agreement.
- 1,500,000 (dollar_amount) — Number of Class A ordinary shares sold.
- $1.60 (dollar_amount) — Price per share.
- $2,400,000 (dollar_amount) — Gross proceeds from the share sale.
FAQ
What is the total amount of gross proceeds NetClass Technology Inc. raised from this share issuance?
NetClass Technology Inc. raised gross proceeds of $2,400,000 from the sale of 1,500,000 Class A ordinary shares.
On what date did NetClass Technology Inc. enter into the securities purchase agreement?
The securities purchase agreement was entered into on August 31, 2025.
How many Class A ordinary shares were sold in this transaction?
1,500,000 Class A ordinary shares were sold.
What was the price per share for the Class A ordinary shares sold?
The Class A ordinary shares were sold at a price of $1.60 per share.
What is the par value of the Class A ordinary shares of NetClass Technology Inc.?
The par value of the Class A ordinary shares is $0.00025 per share.
Filing Stats: 591 words · 2 min read · ~2 pages · Grade level 14.3 · Accepted 2025-09-15 09:00:06
Key Financial Figures
- $0.00025 — the “Purchased Shares), par value $0.00025 per share, of the Company (the “C
- $1.60 — dquo;Class A Ordinary Share”), at $1.60 per share for a total purchase price of
- $2,400,000 — per share for a total purchase price of $2,400,000 (the “Offering”). The clos
- $2.4 Million — ldquo;NETCLASS TECHNOLOGY INC Announces $2.4 Million Private Placement (PIPE) Financing to A
Filing Documents
- tm2525949d1_6k.htm (6-K) — 14KB
- tm2525949d1_ex10-1.htm (EX-10.1) — 140KB
- tm2525949d1_ex99-1.htm (EX-99.1) — 10KB
- tm2525949d1_ex99-1immg01.jpg (GRAPHIC) — 3KB
- 0001104659-25-089784.txt ( ) — 169KB
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: September 15, 2025 By: /s/ Jianbiao Dai Name: Jianbiao Dai Title: Chief Executive Officer 3