SINGAPORE and HONG KONG, Sept. 15, 2025 — NETCLASS Technology INC (Nasdaq: NTCL; the “Company” or “NetClass”), a prominent B2B provider of smart education IT solutions with operations in Shanghai, Hong Kong, Singapore, and Tokyo, announced today that on August 31, 2025, it executed a securities purchase agreement (the “Agreement”) with an institutional investor (the “Investor”). This agreement pertains to a private placement of 1,500,000 Class A ordinary shares, priced at $1.60 per share, which is expected to generate gross proceeds of approximately $2.4 million.
The transaction is anticipated to conclude within 60 days from the Agreement’s date (the “Closing Date”), subject to customary closing conditions. In accordance with the Agreement’s terms, the Investor will possess the option to acquire an additional 1,500,000 Class A ordinary shares at $1.60 per share over the three years following the closing date.
This agreement is expected to bolster NetClass’s strategic initiative to broaden the scope of AI applications and further advance its blockchain technology endeavors. The Company has already implemented AI-assisted language learning systems across numerous universities and is currently developing additional AI-driven tools to enhance its education portfolio. NetClass also plans to expand its education chain and strengthen the adoption of the EDC token in Singapore, alongside exploring the potential issuance of new tokens. These initiatives align with the Company’s strategic moves to establish a Singapore subsidiary and relocate its global headquarters there. Singapore’s supportive regulatory framework for blockchain and AI applications has made it an ideal hub for global expansion.
“This financing underscores the confidence of the investor in our strategy and vision and validates the steps we are taking to transform education through technology. It not only strengthens our balance sheet but also provides the capital flexibility needed to accelerate development of our AI technologies, education chain, the EDC token, and explore new token-based opportunities,” stated Dr. Jianbiao Dai, Chairman and Chief Executive Officer of NetClass. He added, “With Singapore now as our global headquarters, we are strategically positioned to leverage Singapore’s supportive policies for blockchain and AI, access world-class talent and capital, and drive sustainable growth for our company, partners, and shareholders.”
About NETCLASS TECHNOLOGY INC
NETCLASS TECHNOLOGY INC is a leading B2B smart education specialist with offices in Shanghai, Hong Kong, Singapore, and Tokyo. The company delivers innovative IT solutions to schools, training institutions, corporations, public agencies, and various other organizations. Our services include SaaS subscription services and application software development, with solutions spanning teaching and campus management, online instruction, examinations, epidemic prevention, data storage, EDC (Education Credit) blockchain systems, and lecturer evaluation services. Our mission is to provide reliable, high-quality products that foster sustainable growth for our customers. For more information, please visit the Company’s website:
Forward-Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements. 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. 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 INC
Investor Relations
Email:
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email:
