SINGAPORE and HONG KONG, Nov. 14, 2025 — NETCLASS Technology INC (Nasdaq: NTCL; the “Company” or “NetClass”), a prominent B2B provider of smart education IT solutions operating from offices in Shanghai, Hong Kong, Singapore, and Tokyo, announced today the successful closure of its previously disclosed PIPE financing. This financing was executed under a securities purchase agreement (the “Agreement”) that was initially signed on August 31, 2025. The private investment in public equity (PIPE) round, led by an institutional investor (the “Investor”), generated total gross proceeds of approximately $2.4 million for the Company.
As part of this Agreement, NetClass sold and issued a total of 1,500,000 Class A ordinary shares at a price of $1.60 per share. These shares were issued in a transaction exempt from the registration requirements outlined in the Securities Act of 1933, as amended (the “Securities Act”).
NetClass plans to allocate the net proceeds from the PIPE financing towards advancing its strategic objectives. These include broadening AI application scenarios and expanding its education chain, accelerating the integration of blockchain technology, and boosting the adoption of the EDC token within Singapore. These efforts are consistent with the Company’s broader strategy to enhance its global presence for both blockchain and AI applications in the Singapore market.
“The successful closing of this financing marks another important milestone for NetClass as we execute on our vision to transform education through technology,” stated Dr. Jianbiao Dai, Chairman and Chief Executive Officer of NetClass. “With this additional capital secured, we are positioned to accelerate the rollout of our AI-driven education ecosystem, strengthen our education chain and EDC token initiatives, and purse new token-based opportunities. Operating from our global headquarters in Singapore, we will continue to leverage the city’s supportive environment for blockchain and AI innovation to drive sustainable growth for our Company, partners, and shareholders.”
This press release should not be construed as an offer to sell or a solicitation of an offer to buy, nor will any sales of such securities take place in any jurisdiction where such an offer, solicitation, or sale would be illegal prior to registration or qualification under that jurisdiction’s securities laws.
About NETCLASS TECHNOLOGY INC
NETCLASS TECHNOLOGY INC is a leading B2B specialist in smart education, offering innovative IT solutions from its offices in Shanghai, Hong Kong, Singapore, and Tokyo. The Company serves schools, training institutions, corporations, public agencies, and various other organizations. Its services encompass SaaS subscription models and application software development, providing solutions for teaching and campus administration, online learning, examinations, epidemic prevention, data storage, EDC (Education Credit) blockchain systems, and lecturer evaluation. NetClass is dedicated to delivering reliable, high-quality products that foster sustainable growth for its clientele. For more details, please visit the Company’s website:
Forward-Looking Statements
All statements in this announcement that are not historical facts are considered forward-looking statements. These forward-looking statements inherently involve known and unknown risks and uncertainties. They are based on the Company’s current expectations and projections concerning future events that the Company believes could influence its financial condition, operational results, business strategy, and financial requirements. Investors can identify these forward-looking statements by the use of terms or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions. The Company does not assume any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as mandated by law. While the Company believes the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee their accuracy. The Company advises investors that actual results may differ substantially from the anticipated outcomes and encourages investors to review other factors that might affect its future results, as detailed in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.
For investor and media inquiries, please contact:
NETCLASS TECHNOLOGY INC
Investor Relations
Email:
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
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