Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 42

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 42
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 directors, consultants or key employees to exert their best efforts on behalf of the Company and link their personal interests to those of the Company’s shareholders. The 2025 Equity Incentive Plan has a maximum number of 1,583,000 Class A Ordinary Shares available for issuance pursuant to all awards under the 2025 Equity Incentive Plan. On April 29, 2025, the Company issued 1,350,000 Class A Ordinary Shares to certain employees and consultants of the Company as compensation for their continued service in the Company.

**Private Placement August 2025**

See “THE AUGUST 2025 PRIVATE PLACEMENT” in this prospectus.

**Private Placement September 2025**

On August 31, 2025, the Company entered into a securities purchase agreement with an investor (the “Investor”) relating to the issuance and sale of 1,500,000 Class A Ordinary Shares, at $1.60 per share for a total purchase price of $2,400,000.

The closing of the transaction contemplated by the securities purchase agreement is expected to take place within sixty (60) days of the date of the securities purchase agreement, subject to the satisfaction or waiver of the closing condition set forth therein.

Pursuant to the securities purchase agreement, the shares will be issued in a private placement 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.

**Our Background**

We are a B2B (Business-to-Business) smart education specialist, providing IT solutions to schools, training institutions, corporations, public agencies, and other institutions or corporate customers. We offer SaaS subscription service and, application development. Our solutions modules include teaching management, campus management, online teaching, online examination, epidemic prevention and control, data storage and computing system, EDC (Education Credit) blockchain system, and lecturer evaluation services. Our mission is to provide high-quality and reliable products to our customers to maintain sustainable business growth over the long term.

We believe we are one of the better-known brands in the PRC’s online education software and digital transformation industry. We have advantages in customized design, an easy-to-use interface, knowledge of the industry and market, and our experienced management. In addition, we believe we are the first to incorporate blockchain technology in online education. Our B2B business revenues were 3,6854,410 and $3,766,192 for the six