Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 224

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 224
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.S. Securities and Exchange Commission within ninety (90) days of the closing date. If the registration statement is not declared effective by such date, the outstanding balance of the Convertible Note will automatically increase by one percent (1%) on the 90th day, and will continue to increase by one percent (1%) for each thirty (30) day that the registration statement is not declared effective until the date that is six (6) months from the closing date.

The execution and delivery of the Securities Purchase Agreement and the delivery of the securities pursuant to the Securities Purchase Agreement were made pursuant to an exemption from the registration requirements pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Regulation D thereunder.

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SELLING SHAREHOLDER The Class A Ordinary Shares being offered by the Selling Shareholder are those issuable to the Selling Shareholder upon conversion of the Convertible Note and the Issued Shares. We are registering Resale Shares in order to permit the Selling Shareholder to offer the Resale Shares for resale from time to time. Except as set out in “THE AUGUST 2025 PRIVATE PLACEMENT.” The table below lists the Selling Shareholder and other information regarding the beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder) of the Class A Ordinary Shares held by the Selling Shareholder. The second column lists the number of Class A Ordinary Shares beneficially owned by the Selling Shareholder as of the date of this prospectus, assuming conversion of the Convertible Note but not taking account of any limitations on conversion and exercise set forth therein. The third column lists the Class A Ordinary Shares being offered by this prospectus by the Selling Shareholder and does not take in account any limitations on conversion of the Convertible Note set forth therein. The fourth column assumes the sale of all of the shares offered by selling shareholder pursuant to this prospectus. As the date of this prospectus, the Selling Shareholder has received 1,069,500 Issued Shares.

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| ​                             | ​ |           ​ | ​ |          ​ | ​ |     Number of | ​ | ​             |   |
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