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NetClass Technology Inc Class A ( (NTCL) ) just unveiled an announcement.
On January 23, 2026, NetClass Technology Inc called an extraordinary general meeting (EGM) of shareholders to be held on February 13, 2026 in Singapore, asking investors to vote on a sweeping set of capital and governance changes. The board is seeking approval to increase the company’s authorized share capital dramatically from 200 million to 40 billion ordinary shares split between Class A and Class B stock, adopt a new set of amended and restated constitutional documents to reflect that expansion, and give directors broad discretion over one or more share consolidations (reverse stock splits) of up to an aggregate 2,000-to-1 within two years. Shareholders are also being asked to endorse follow‑on amendments to the firm’s governing documents to align them with any future consolidations, and to grant general authorization for directors, the Cayman registrar and the transfer agent to execute all related administrative actions, including share certificate updates and potential adjournment of the EGM if support proves initially insufficient. Together, the proposals would give management significant flexibility to reshape the capital structure, with implications for future equity issuance, potential dilution and the company’s ability to manage its share price and market listing requirements.
More about NetClass Technology Inc Class A
NetClass Technology Inc is a Cayman Islands–incorporated company with principal executive offices in Singapore. While the filing does not describe its specific business lines, the company has a dual‑class share structure consisting of Class A and Class B ordinary shares, indicating a typical growth‑oriented, founder‑influenced corporate governance model aimed at accessing international capital markets.
Average Trading Volume: 1,966,938
Technical Sentiment Signal: Strong Sell
Current Market Cap: $10.01M
For detailed information about NTCL stock, go to TipRanks’ Stock Analysis page.