NETCLASS TECHNOLOGY INC Announces Full Exercise of Over-Allotment Option

SHANGHAI and HONG KONG, Jan. 03, 2025 (GLOBE NEWSWIRE) — NETCLASS TECHNOLOGY INC (the “Firm” or “NETCLASS”), a number one B2B good training IT options supplier with workplaces in Shanghai, Hong Kong, and Singapore, immediately introduced that the underwriters of its beforehand introduced preliminary public providing (the “Providing”) have exercised their over-allotment possibility (the “Over-Allotment Choice”) in full to buy a further 270,000 Class A odd shares on the public providing value of $5.00 per share, leading to further gross proceeds of $1.35 million. After giving impact to the complete train of the Over-Allotment Choice, the whole variety of odd shares offered by the Firm within the Providing elevated to 2,070,000 Class A odd shares and the gross proceeds elevated to $10.35 million, earlier than deducting underwriting reductions and different associated bills. The Over-Allotment Choice time limit was January 03, 2025. Shares of the Firm’s inventory started buying and selling on the Nasdaq Capital Market underneath the image “NTCL” on December 13, 2024.

The Providing was performed on a agency dedication foundation. Newbridge Securities Company and Revere Securities, LLC (the “Underwriters”) acted as Underwriters to the Providing. Ortoli Rosenstadt LLP acted as U.S. counsel to the Firm, and Sichenzia Ross Ference Carmel LLP acted as U.S. counsel to Newbridge Securities Company, who acted because the consultant of the Underwriters in reference to the Providing.

A registration assertion on Type F-1 (File No. 333-278224) was filed with the Securities and Change Fee (“SEC”) and was declared efficient by the SEC on December 12, 2024. A remaining prospectus referring to the providing was filed with the SEC is out there on the SEC’s web site at http://www.sec.gov. Digital copies of the ultimate prospectus referring to this providing could also be obtained from Newbridge Securities Company, Consideration: Fairness Syndicate Division, 1200 North Federal Freeway, Suite 400, Boca Raton, FL 33432, by electronic mail at syndicate@newbridgesecurities.com or by phone at (877) 447-9625.

Earlier than you make investments, you need to learn the prospectus and different paperwork the Firm has filed or will file with the SEC for extra details about the Firm and the Providing. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase these securities, nor shall there be any sale of those securities in any state or jurisdiction during which such supply, solicitation, or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction.

About NETCLASS TECHNOLOGY INC

NETCLASS TECHNOLOGY INC is a number one B2B good training specialist with workplaces in Shanghai, Hong Kong, and Singapore, offering progressive IT options to colleges, coaching establishments, firms, public companies, and different organizations. Our companies embody SaaS subscription companies and utility software program improvement, with options spanning instructing and campus administration, on-line instructing, examinations, epidemic prevention, knowledge storage, EDC (Schooling Credit score) blockchain programs, and lecturer analysis companies. Our mission is to ship dependable, high-quality merchandise that drive sustainable progress for our clients. For extra info, please go to the Firm’s web site: https://ir.netclasstech.com

Ahead-Trying Statements

Sure statements on this announcement are forward-looking statements, together with, however not restricted to, the Firm’s proposed Providing. These forward-looking statements contain identified and unknown dangers and uncertainties and are primarily based on the Firm’s present expectations and projections about future occasions that the Firm believes might have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants, together with the expectation that the Providing can be efficiently accomplished. Buyers can determine these forward-looking statements by phrases or phrases akin to “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “initiatives,” “intends,” “plans,” “will,” “would,” “ought to,” “might,” “might” or different comparable expressions. The Firm undertakes no obligation to replace or revise publicly any forward-looking statements to mirror subsequent occurring occasions or circumstances, or adjustments in its expectations, besides as could also be required by regulation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can’t guarantee you that such expectations will turn into right, and the Firm cautions buyers that precise outcomes might differ materially from the anticipated outcomes and encourages buyers to assessment different elements that will have an effect on its future leads to the Firm’s registration assertion and different filings with the U.S. Securities and Change Fee.

For investor and media inquiries, please contact:

NETCLASS TECHNOLOGY INC
Investor Relations
E mail: ir@netclasstech.com

Jackson Lin
Lambert by LLYC
Cellphone: +1 (646) 717-4593
E mail: jian.lin@llyc.global

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