NetClass Technology Inc. Secures $2.4 Million in Private Placement to Boost AI and Blockchain Initiatives

Reuters

2025/09/15

NetClass Technology Inc. Secures $2.4 Million in Private Placement to Boost AI and Blockchain Initiatives

NetClass Technology Inc. has announced a $2.4 million private placement to further its AI and blockchain initiatives in Singapore. The company, a prominent B2B smart education IT solutions provider with offices in major Asian cities, entered into an agreement with an institutional investor on August 31, 2025. The deal involves the sale of 1,500,000 Class A ordinary shares at $1.60 each. The investor has the option to purchase an additional 1,500,000 shares at the same price over the next three years. This financing is set to bolster NetClass's strategic efforts in AI technology development, education chain expansion, and EDC token adoption. With its global headquarters now in Singapore, the company aims to capitalize on the supportive policies for blockchain and AI to drive sustainable growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NetClass Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9528683-en) on September 15, 2025, and is solely responsible for the information contained therein.

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Secures $2.4 Million in Private Placement to Boost AI and Blockchain Initiatives\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-09-15 20:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      NetClass Technology Inc. Secures $2.4 Million in Private Placement to Boost AI and Blockchain Initiatives\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        NetClass Technology Inc. has announced a $2.4 million private placement to further its AI and blockchain initiatives in Singapore. The company, a prominent B2B smart education IT solutions provider with offices in major Asian cities, entered into an agreement with an institutional investor on August 31, 2025. The deal involves the sale of 1,500,000 Class A ordinary shares at $1.60 each. The investor has the option to purchase an additional 1,500,000 shares at the same price over the next three years. This financing is set to bolster NetClass's strategic efforts in AI technology development, education chain expansion, and EDC token adoption. 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ID: GNW9528683-en) on September 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2095319765.USD","symbol_name":"Natixis Thematics Subscription Economy R/A USD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250915:nNDL1B1K1n:1","article_id":"2567119420","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2567119420","pubTimestamp":1757937608,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"NetClass Technology Inc. has announced a $2.4 million private placement to further its AI and blockchain initiatives in Singapore. 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Secures $2.4 Million in Private Placement to Boost AI and Blockchain Initiatives\n    \n\n        NetClass Technology Inc. has announced a $2.4 million private placement to further its AI and blockchain initiatives in Singapore. The company, a prominent B2B smart education IT solutions provider with offices in major Asian cities, entered into an agreement with an institutional investor on August 31, 2025. The deal involves the sale of 1,500,000 Class A ordinary shares at $1.60 each. The investor has the option to purchase an additional 1,500,000 shares at the same price over the next three years. This financing is set to bolster NetClass's strategic efforts in AI technology development, education chain expansion, and EDC token adoption. 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