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NetClass Technology Inc's Financial Report: $10.35M IPO Insights Unveiled

$NTCL
Form 6-K
Filed on: 2025-01-03
Source
NetClass Technology Inc's Financial Report: $10.35M IPO Insights Unveiled

Here are the key insights extracted from the financial report (Form 6-K) for NetClass Technology Inc:

  1. Company Overview:
  • Name: NetClass Technology Inc
  • Location: 6F, Building A, 1188 Wan Rong Road, Shanghai, People's Republic of China 200436
  • Contact: +86 021-61806588
  1. SEC Filing Details:
  • Filing Type: Form 6-K
  • Commission File Number: 001-42440
  • Filing Date: January 3, 2025
  • Reporting Period: January 2025
  1. Underwriting Agreement:
  • Date of Agreement: December 12, 2024
  • Underwriter: Newbridge Securities Corporation
  • Shares Offered: 1,800,000 Class A ordinary shares
  • Public Offering Price: $5.00 per share
  1. Over-Allotment Option:
  • Additional Shares: 270,000 Class A ordinary shares
  • Exercise Date: December 31, 2024
  • Closing Date for Over-Allotment: January 3, 2025
  1. Financial Details:
  • Total Gross Proceeds: $10,350,000 from the initial public offering (including over-allotment), before underwriting discounts and expenses.
  1. Press Release:
  • A press release was issued on January 3, 2025, regarding the exercise and closing of the Over-Allotment Option. The details of the press release can be found as Exhibit 99.1 attached to the filing.
  1. Legal Disclaimer:
  • The report includes a disclaimer that it does not constitute an offer to sell or a solicitation of an offer to buy the securities in any jurisdiction where such an offer or sale would be unlawful.

This summary highlights the company's recent public offering activities and provides essential details about its financial and operational status as of the reporting period.