Group 1 - NETCLASS TECHNOLOGY INC. announced its initial public offering (IPO) of 1,800,000 Class A ordinary shares at a price of $5.00 per share, aiming for total gross proceeds of $9,000,000 [1][2] - The IPO is set to commence trading on the Nasdaq Capital Market under the ticker symbol "NTCL" on December 13, 2024 [1] - The company has granted underwriters a 45-day option to purchase an additional 270,000 shares to cover over-allotments [1] Group 2 - Proceeds from the IPO will be used for courseware and online technology platform development, expansion of application development services, marketing, and general corporate purposes [2] - The offering is expected to close on or about December 16, 2024, pending customary closing conditions [2] Group 3 - Newbridge Securities Corporation and Revere Securities, LLC are acting as underwriters for the offering [3] - Ortoli Rosenstadt LLP and Sichenzia Ross Ference Carmel LLP are serving as U.S. counsel for the company and the underwriters, respectively [3] Group 4 - NETCLASS TECHNOLOGY INC. specializes in B2B smart education IT solutions, providing services such as SaaS subscription services and application software development [6] - The company's solutions include teaching and campus management, online teaching, examinations, epidemic prevention, data storage, and blockchain systems for education credits [6]
NETCLASS TECHNOLOGY INC. Announces Pricing of Initial Public Offering