NETCLASS Technology INC, a prominent B2B smart education IT solutions provider with a global footprint, has announced a significant move in its financial strategy. On August 31, 2025, the company entered into a securities purchase agreement with an institutional investor for a private placement of 1,500,000 Class A ordinary shares priced at $1.60 each. This transaction is anticipated to yield gross proceeds of approximately $2.4 million.
The closing of this transaction is expected within 60 days, pending customary conditions. The agreement also grants the investor the option to purchase up to an additional 1,500,000 Class A ordinary shares at the same price within the next three years.
This financing initiative aligns with NETCLASS’s strategic goal to expand its application of artificial intelligence and blockchain technology within the education sector. The company has already made strides by implementing AI-assisted language learning systems in various universities and is committed to developing further AI-driven educational tools. Additionally, NETCLASS aims to broaden its education chain, enhance the adoption of its EDC (Education Credit) token in Singapore, and potentially issue new tokens.
These efforts reinforce the company’s decision to establish its global headquarters in Singapore, a region noted for its supportive policies for blockchain and AI applications. This strategic relocation is expected to provide NETCLASS with access to top-tier talent and investment opportunities, facilitating sustainable growth for the company and its stakeholders.
Dr. Jianbiao Dai, the Chairman and Chief Executive Officer of NETCLASS, remarked that this financing reflects the investor’s confidence in the company’s vision and strategy to revolutionize education through technology. He emphasized that these funds will fortify the company’s balance sheet and enhance its capacity to accelerate the development of AI technologies and other educational initiatives.
As a leading specialist in the smart education sector, NETCLASS operates across multiple cities, including Shanghai, Hong Kong, Tokyo, and Singapore, delivering innovative IT solutions to a diverse range of clients, from schools and training institutions to public agencies. Its offerings encompass SaaS subscription services and application software development, covering pivotal areas such as teaching management, online learning, examination processes, data storage, and blockchain-based systems.
Investors are directed to exercise caution with forward-looking statements made in the announcement, as they involve risks and uncertainties. While the company is optimistic about its future prospects, it acknowledges that actual results may deviate from expectations. Investors are encouraged to consider other influencing factors outlined in the company’s filings with the U.S. Securities and Exchange Commission for a more comprehensive understanding of its future performance.
For further inquiries, NETCLASS has provided contact information for both investor relations and media representatives.
