Core Points - NETCLASS TECHNOLOGY INC. has successfully closed its initial public offering (IPO) of 1,800,000 Class A ordinary shares at a price of $5.00 per share, raising total gross proceeds of $9,000,000 before expenses [1][2][3] Group 1: Offering Details - The underwriters have an option to purchase an additional 270,000 Class A ordinary shares within 45 days from the closing date to cover over-allotments [2] - The offering was conducted on a firm commitment basis, with proceeds intended for courseware and online technology platform development, application development service expansion, marketing, and general corporate purposes [3][4] Group 2: Company Overview - NETCLASS TECHNOLOGY INC. is a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, and Singapore, offering services such as SaaS subscription services and application software development [7] - The company's solutions include teaching and campus management, online teaching, examinations, epidemic prevention, data storage, EDC blockchain systems, and lecturer evaluation services [7]
NETCLASS TECHNOLOGY INC. Announces Closing of $9 Million Initial Public Offering