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NetClass Technology Inc Class A ( (NTCL) ) just unveiled an announcement.
NetClass Technology Inc., a Cayman Islands-registered company with principal executive offices in Singapore, has updated the compensation arrangements for one of its independent directors as part of its ongoing post-IPO governance and board-remuneration framework. While the filing does not detail the firm’s specific line of business, the company is listed in the United States as a foreign private issuer and maintains standard board committees such as audit, nomination and compensation, reflecting a typical public-company governance structure.
On January 22, 2026, NetClass Technology entered into a new director offer letter with independent director Angel Colon, effective retroactively to January 1, 2026, replacing a 2022 agreement that had compensated him in Class A ordinary shares. Under the updated terms, Colon will receive annual cash compensation of $45,000 paid monthly and an additional $9,000 paid quarterly, and the company will settle 2,083 previously accrued Class A shares for his service from August 1 to December 31, 2025 with a one-time cash payment of $3,749.40. The move shifts director remuneration away from equity and clarifies that this cash settlement covers all amounts due to Colon through December 31, 2025, signaling a tightening and standardization of NetClass’s director pay structure as it matures in the public markets.
More about NetClass Technology Inc Class A
Average Trading Volume: 1,977,626
Technical Sentiment Signal: Strong Sell
Current Market Cap: $7.93M
For an in-depth examination of NTCL stock, go to TipRanks’ Overview page.