Research analysts covering NetClass Technology.
Recent press releases and 8-K filings for NTCL.
NetClass Technology Inc receives Nasdaq minimum bid price deficiency notification
NTCL
Delisting/Listing Issues
- NetClass Technology Inc (NTCL) received a notification from Nasdaq on January 27, 2026, for failing to meet the minimum bid price requirement of $1 per share over the past 30 consecutive business days.
- This notification does not immediately affect the listing or trading of the company's shares on Nasdaq.
- The company has a 180-calendar-day compliance period, until July 27, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of ten consecutive business days.
- NetClass Technology Inc is evaluating options and intends to timely regain compliance.
Jan 29, 2026, 9:45 PM
NetClass Technology Inc. Schedules EGM for Share Capital Increase and Potential Reverse Stock Split
NTCL
Delisting/Listing Issues
Proxy Vote Outcomes
- NetClass Technology Inc. will hold an Extraordinary General Meeting (EGM) on February 13, 2026, to consider proposals including a share capital increase and potential share consolidations.
- The company proposes to increase its authorized share capital from US$50,000 to US$10,000,000, representing an increase from 200,000,000 to 40,000,000,000 ordinary shares.
- Shareholders will vote on authorizing the Board to implement one or more share consolidations (reverse stock splits) with an accumulative ratio of up to 2000:1 over two years.
- The primary reason for the proposed share consolidations is to meet the Nasdaq minimum bid price requirement of US$1.00 per share and prevent delisting.
- At the EGM, each Class A Ordinary Share entitles the holder to one vote, while each Class B Ordinary Share entitles the holder to fifty votes.
Jan 23, 2026, 10:25 PM
NetClass Technology Inc. Reports Q3 2025 Financial Results with Increased Losses and Operating Expenses, Secures New Financing
NTCL
Earnings
Debt Issuance
New Projects/Investments
- NetClass Technology Inc. reported a net loss of $(4,884,369) for the six months ended March 31, 2025, a significant increase from the $(2,065,011) net loss in the prior year period.
- Total revenues for the six months ended March 31, 2025, were $3.7 million, a slight decrease from $3.8 million in the same period of 2024.
- The company's total gross profit decreased by 47.7% to approximately $0.3 million, with the overall profit margin declining to 8.4% for the six months ended March 31, 2025.
- Total operating expenses increased by 94.6% to $5,483,660 for the six months ended March 31, 2025, primarily driven by an 899.1% increase in general and administrative expenses.
- Net cash provided by financing activities was $8,910,310 for the six months ended March 31, 2025, including $10,350,000 in cash proceeds from an IPO. Subsequent to the reporting period, the company established a new subsidiary for AI and blockchain services and secured additional financing totaling $4.6 million through equity and a convertible note.
Dec 22, 2025, 9:31 PM
NetClass Technology Inc. Schedules Shareholder Meetings to Vote on Significant Voting Rights Change and Director Reappointments
NTCL
Board Change
Auditor Change
Proxy Vote Outcomes
- NetClass Technology Inc. has scheduled shareholder meetings for December 23, 2025, to vote on several key proposals, including a Class A Meeting, a Class B Meeting, and an Annual General Meeting.
- A primary proposal is to increase the voting rights attached to Class B Ordinary Shares from fifteen (15) votes per share to fifty (50) votes per share. This change would dilute the voting power of Class A Ordinary Shares from approximately 40% to 17% of the total voting power, while Class B Ordinary Shares would increase from approximately 60% to 83%.
- The company's rationale for the change in voting rights is to ensure the controlling shareholder can execute long-term business plans and maintain consistency in strategic direction following recent and anticipated financing transactions and equity issuances.
- Shareholders will also vote on the re-appointment of five directors, including CEO Jianbiao Dai, and the appointment of Wei, Wei &Co., LLP as the independent registered public accounting firm for the fiscal year ended September 30, 2025.
Dec 4, 2025, 10:16 PM
NetClass Technology Inc. announces closing of $2.4 million private placement financing
NTCL
New Projects/Investments
- NetClass Technology Inc. (NTCL) announced the closing of a $2.4 million private placement (PIPE) financing on November 13, 2025.
- The financing involved the sale and issuance of 1,500,000 Class A ordinary shares at a price of $1.60 per share.
- The company intends to use the net proceeds to expand AI application scenarios, advance blockchain technology, and strengthen the adoption of EDC token in Singapore.
Nov 14, 2025, 9:30 PM
NetClass Technology Inc. Announces Updated Earnings Results for First Half of Fiscal Year 2025
NTCL
Earnings
Profit Warning
Demand Weakening
- NetClass Technology Inc. reported a net loss of $4,955,643 for the six months ended March 31, 2025, marking a 140.0% increase from the $2,065,011 net loss in the prior year period.
- Total revenue for the first half of fiscal year 2025 was approximately $3.7 million, a 3.0% decrease compared to approximately $3.8 million for the six months ended March 31, 2024.
- Gross profit declined by 47.7% to $305,390 for the six months ended March 31, 2025, primarily due to the need to maintain competitive pricing despite cost increases.
- Operating expenses increased by 94.7% to approximately $5.5 million, mainly driven by higher marketing expenses and costs related to technology upgrading and strategy consulting after the Company's initial public offering.
Oct 16, 2025, 8:45 PM
NetClass Technology Inc. Announces First Half Fiscal Year 2025 Earnings Results
NTCL
Earnings
Demand Weakening
New Projects/Investments
- NetClass Technology Inc. reported total revenue of approximately $3.7 million for the first half of fiscal year 2025, representing a 3.0% decrease compared to the same period in the prior fiscal year.
- Gross profit for the first half of fiscal year 2025 decreased by 47.7% to approximately $0.3 million, with the profit margin falling to 8.4% from 15.5% in the prior year.
- Total operating expenses increased significantly by 94.7% to approximately $5.5 million, mainly driven by higher marketing expenses, technology upgrading, and consulting costs.
- The company's net loss for the first half of fiscal year 2025 widened by 137.2% to approximately $4.9 million, resulting in a basic and diluted loss per share of $(0.29).
Sep 30, 2025, 8:40 PM
NetClass Technology Inc Announces Private Placement Financing
NTCL
Equity Issuance
New Projects/Investments
- NETCLASS Technology INC announced a private placement (PIPE) financing agreement on August 31, 2025, to raise approximately $2.4 million.
- The financing involves the issuance and sale of 1,500,000 Class A ordinary shares at $1.60 per share to an institutional investor.
- The proceeds are intended to advance the company's AI applications and blockchain initiatives in Singapore.
- The investor also holds the right to purchase up to an additional 1,500,000 Class A ordinary shares at $1.60 per share over the next three years following the closing date.
Sep 15, 2025, 1:00 PM
NetClass Technology Inc Relocates Headquarters and Plans Acquisition
NTCL
M&A
New Projects/Investments
- NETCLASS TECHNOLOGY INC (Nasdaq: NTCL) announced the relocation of its corporate headquarters to Singapore, effective September 1, 2025, as a strategic move for global expansion and to strengthen access to Asia-Pacific markets.
- The company has signed a non-binding Letter of Intent (LOI) to acquire a 51% equity interest in LBC International Company Limited, a Vietnam-based provider of retail management solutions.
- This planned acquisition is expected to accelerate NetClass's expansion in Vietnam and the broader Southeast Asian market, aligning with its global growth strategy.
Aug 28, 2025, 8:30 PM
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