NetClass Technology Inc. closed a $2.4 million private placement on November 14, 2025, issuing 1.5 million Class A ordinary shares at $1.60 each. The transaction was led by an institutional investor and completed under a securities purchase agreement signed on August 31, 2025.
The proceeds will be directed toward expanding the company’s AI application portfolio, strengthening its education chain, advancing blockchain technology, and accelerating the adoption of its EDC token in Singapore. The financing also supports NetClass’s strategic relocation of its global headquarters to Singapore, a move designed to tap the city’s supportive ecosystem for AI and blockchain innovation, and to underpin a recent memorandum of understanding with RunSun Cloud that will enhance AI computing infrastructure across Southeast Asia.
NetClass’s first‑half fiscal 2025 results showed a decline in revenue and an increase in net loss compared with the same period in the prior year, while gross profit margin contracted due to competitive pricing pressures. The new capital is therefore critical to offset these headwinds, fund ongoing product development, and maintain the company’s growth trajectory in a highly competitive smart‑education market.
Dr. Jianbiao Dai, Chairman and CEO, said the financing “marks another important milestone for NetClass as we execute on our vision to transform education through technology.” He added that the additional capital will “position us to accelerate the rollout of our AI‑driven education ecosystem, strengthen our education chain and EDC token initiatives, and pursue new token‑based opportunities.”
The combination of the private placement, the Singapore relocation, and the RunSun Cloud partnership signals a concerted effort to scale NetClass’s AI and blockchain offerings. By securing this funding, the company can accelerate product launches, deepen its market presence in Asia, and reinforce its competitive position amid declining revenue trends.
The financing positions NetClass to address current financial challenges, support strategic initiatives, and strengthen its long‑term growth prospects in the evolving smart‑education landscape.
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