NetClass Technology Inc. Calls EGM for 10-for-1 Share Consolidation

NetClass Technology Inc. has filed a proxy statement for an Extraordinary General Meeting (EGM) scheduled for November 10, 2026. The primary purpose of the EGM is to vote on a 10-for-1 share consolidation, aimed at increasing the bid price of its Class A Ordinary Shares to comply with Nasdaq listing requirements. This follows a previous 50-for-1 reverse stock split on July 6, 2026. Shareholders will also vote on adopting an updated memorandum and articles of association to reflect the consolidation. The board of directors unanimously recommends shareholders vote in favor of all proposals.