Core Viewpoint - NetClass Technology Inc has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share for continued listing [1][2]. Group 1: Nasdaq Compliance Notification - The notification does not immediately affect the listing or trading of the Company's Class A ordinary shares, which will continue to trade under the symbol "NTCL" [2]. - The Company has a compliance period of 180 calendar days, until July 27, 2026, to regain compliance with Nasdaq's continued listing requirement [2]. - If the Company fails to regain compliance within the compliance period, it may be eligible for additional time if it meets other listing standards and provides written notice of its intention to cure the deficiency [2]. Group 2: Company's Response and Future Plans - The Company is currently evaluating options to regain compliance and intends to take timely actions to meet Nasdaq's continued listing requirement [3]. - Although the Company will make reasonable efforts to achieve compliance, there is no assurance that it will be able to do so [3]. Group 3: Company Overview - NetClass Technology Inc is a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore, and Tokyo [4]. - The Company offers innovative IT solutions including SaaS subscription services and application software development, focusing on various educational and organizational needs [4].
NETCLASS TECHNOLOGY INC Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency