NEWS RELEASE
SINGAPORE AND HONG KONG, September 15, 2025 (GLOBE NEWSWIRE) — NetClass Technology Inc. (Nasdaq: NTCL), a premier provider of business-to-business educational technology solutions, operating from hubs in Shanghai, Hong Kong, Singapore, and Tokyo, today announced a definitive securities purchase arrangement concluded on August 31, 2025. Under this agreement (“the Agreement”), a designated institutional investor (“the Investor”) will acquire 1,500,000 Class A ordinary shares through a private placement at a price of $1.60 per share, generating aggregate gross proceeds approximating $2.4 million for NetClass.
The transaction’s completion is anticipated within a 60-day window from the Agreement’s execution date (“the Closing Date”), contingent upon satisfying standard closing prerequisites. The Agreement further stipulates that the Investor retains an option to procure an additional allotment of up to 1,500,000 Class A ordinary shares at the established price of $1.60 per share, exercisable within a three-year period following the closure of the initial transaction.
The resources acquired through this agreement are intended to fuel NetClass’s strategic vision, emphasizing broadened implementations of Artificial Intelligence and further development in the area of blockchain technology. NetClass has already initiated AI-driven language learning tools within several university settings and continues the process of creating further AI-based applications to develop its learning suite. Furthermore, the firm intends to expand its “education chain” initiative and encourage greater utilization of the EDC token within Singapore. Exploration of new token issuance is also underway. These strategic movements are consistent with NetClass’s organizational intention to build a base in Singapore and establish its global headquarters there. Singapore’s welcoming approach to blockchain and AI solutions are key factors in selecting this as its hub for worldwide activities.
“This financial backing highlights the investor’s high opinion of our objectives, and it gives merit to the initiatives we’re implementing to revolutionize learning with the use of digital technologies. This is beneficial to our capital position but will also equip us with the financial latitude required to accelerate the growth of AI products, education chain, the EDC token, and research opportunities,” stated Dr. Jianbiao Dai, Chairman and Chief Executive Officer of NetClass. “By operating our global headquarters within Singapore, we are excellently positioned to take advantage of its favorable legislation in relation to blockchain and AI, to tap into high-caliber people, attain capital, and promote continuing advancement for our company, our associates, and our stakeholders.”
About NETCLASS TECHNOLOGY INC
NETCLASS TECHNOLOGY INC is a leading specialist providing innovative IT-related solutions to educational institutions, private sector training programs, corporations, and public entities. Our services involve SaaS subscriptions and custom application construction, delivering capabilities for instruction and campus management, online learning platforms, tests, safety procedures, information archiving, EDC (Education Credit) blockchain systems, and teacher performance feedback instruments. Our primary focus is to provide reliable, high-performance goods and services that empower sustainable expansion for our clientele. To explore further details, visit the company’s official online portal: https://ir.netclasstech.com
Forward-Looking Statements
In this communication, all statements apart from historical statements are considered future predictions. By their nature, these forward-looking declarations feature uncertainties and are built upon assumptions the Company has in place regarding events that can impact its fiscal health, operational success, business strategies, and economic needs. These predictions can be found via terms or sentences such as “believes,” “hopes,” “anticipates,” “plans,” or others. The Company takes no action to correct its forward-looking remarks so as to mirror subsequent developments or modified assumptions, except where enforced by law. Although NetClass thinks the presumptions in its predictions are realistic, there is no promise that such anticipations will materialize correctly, and the Company cautions its investor base that reality may not match the forecasts and encourages investors to look at various impacting forces in its filings to the U.S. Securities and Exchange Commission.
Investor and Media Contact Information:
NETCLASS TECHNOLOGY INC
Investor Relations
Email: ir@netclasstech.com
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global