Core Points - NETCLASS TECHNOLOGY INC announced the full exercise of its over-allotment option for its initial public offering, resulting in the purchase of an additional 270,000 Class A ordinary shares at $5.00 per share, generating additional gross proceeds of $1.35 million [1] - The total number of ordinary shares sold in the offering increased to 2,070,000, with total gross proceeds reaching $10.35 million before deductions [1] - The shares began trading on the Nasdaq Capital Market under the symbol "NTCL" on December 13, 2024 [1] Company Overview - NETCLASS TECHNOLOGY INC is a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, and Singapore [5] - The company offers innovative IT solutions including SaaS subscription services and application software development, covering areas such as teaching and campus management, online teaching, examinations, epidemic prevention, data storage, EDC blockchain systems, and lecturer evaluation services [5] - The mission of the company is to deliver reliable, high-quality products that drive sustainable growth for its customers [5]
NETCLASS TECHNOLOGY INC Announces Full Exercise of Over-Allotment Option