NETCLASS TECHNOLOGY INC Announces Full Exercise of Over-Allotment Option
2025年1月4日 - 6:05AM
NETCLASS TECHNOLOGY INC (the “Company” or “NETCLASS”), a leading
B2B smart education IT solutions provider with offices in Shanghai,
Hong Kong, and Singapore, today announced that the underwriters of
its previously announced initial public offering (the “Offering”)
have exercised their over-allotment option (the “Over-Allotment
Option”) in full to purchase an additional 270,000 Class A ordinary
shares at the public offering price of $5.00 per share, resulting
in additional gross proceeds of $1.35 million. After giving effect
to the full exercise of the Over-Allotment Option, the total number
of ordinary shares sold by the Company in the Offering increased to
2,070,000 Class A ordinary shares and the gross proceeds increased
to $10.35 million, before deducting underwriting discounts and
other related expenses. The Over-Allotment Option closing date was
January 03, 2025. Shares of the Company’s stock began trading on
the Nasdaq Capital Market under the symbol “NTCL” on December 13,
2024.
The Offering was conducted on a firm commitment
basis. Newbridge Securities Corporation and Revere Securities, LLC
(the “Underwriters”) acted as Underwriters to the Offering. Ortoli
Rosenstadt LLP acted as U.S. counsel to the Company, and Sichenzia
Ross Ference Carmel LLP acted as U.S. counsel to Newbridge
Securities Corporation, who acted as the representative of the
Underwriters in connection with the Offering.
A registration statement on Form F-1 (File No.
333-278224) was filed with the Securities and Exchange Commission
(“SEC”) and was declared effective by the SEC on December 12, 2024.
A final prospectus relating to the offering was filed with the SEC
is available on the SEC’s website at www.sec.gov. Electronic copies
of the final prospectus relating to this offering may be obtained
from Newbridge Securities Corporation, Attention: Equity Syndicate
Department, 1200 North Federal Highway, Suite 400, Boca Raton, FL
33432, by email at syndicate@newbridgesecurities.com or by
telephone at (877) 447-9625.
Before you invest, you should read the
prospectus and other documents the Company has filed or will file
with the SEC for more information about the Company and the
Offering. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy these securities, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
About NETCLASS TECHNOLOGY
INC
NETCLASS TECHNOLOGY INC is a leading B2B smart
education specialist with offices in Shanghai, Hong Kong, and
Singapore, providing innovative IT solutions to schools, training
institutions, corporations, public agencies, and other
organizations. Our services include SaaS subscription services and
application software development, with solutions spanning teaching
and campus management, online teaching, examinations, epidemic
prevention, data storage, EDC (Education Credit) blockchain
systems, and lecturer evaluation services. Our mission is to
deliver reliable, high-quality products that drive sustainable
growth for our customers. For more information, please visit the
Company’s website: https://ir.netclasstech.com
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements, including, but not limited to, the
Company's proposed Offering. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs, including the expectation that the Offering will be
successfully completed. Investors can identify these
forward-looking statements by words or phrases such as
“approximates,” “believes,” “hopes,” “expects,” “anticipates,”
“estimates,” “projects,” “intends,” “plans,” “will,” “would,”
“should,” “could,” “may” or other similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the U.S. Securities and Exchange Commission.
For investor and media inquiries, please
contact:
NETCLASS TECHNOLOGY INCInvestor Relations Email:
ir@netclasstech.com
Jackson Lin Lambert by LLYC Phone: +1 (646) 717-4593 Email:
jian.lin@llyc.global
NetClass Technology (NASDAQ:NTCL)
過去 株価チャート
から 1 2025 まで 2 2025
NetClass Technology (NASDAQ:NTCL)
過去 株価チャート
から 2 2024 まで 2 2025