DealsJun 18, 2026, 04:32 PM
NetClass issues 6M shares for LLM & AI development deals
AI Summary
NetClass Technology Inc. entered into two separate agreements for technology development services, issuing a total of 6,000,000 Class A ordinary shares as consideration. The company engaged Bangyuan Liu for LLM-Based Learning APP System development and Akaewood Investment Holding Co., Ltd. for AI-based technology research and development. Both agreements are for a twelve-month period, commencing May 6, 2026, with shares issued on June 15, 2026, as restricted securities.
Key Highlights
- NetClass entered a Technical Development Service Agreement with Bangyuan Liu.
- Bangyuan Liu to develop LLM-Based Learning APP System for 12 months.
- NetClass issued 2,800,000 Class A shares to Bangyuan Liu on June 15, 2026.
- NetClass entered an AI-Based Technology R&D Services Agreement with Akaewood.
- Akaewood to provide AI R&D services for 12 months.
- NetClass issued 3,200,000 Class A shares to Akaewood on June 15, 2026.
- A total of 6,000,000 Class A ordinary shares were issued for services.
- The issued shares are restricted securities under Regulation S.
Price Impact
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