RegulatoryJul 22, 2026, 06:36 AM
NetClass Technology Regains Nasdaq Compliance After Reverse Split
AI Summary
NetClass Technology Inc. announced it has regained compliance with The Nasdaq Capital Market's minimum bid price requirement. The company received a letter from Nasdaq on July 21, 2026, confirming that its Class A ordinary shares maintained a closing bid price of $1.00 or greater for ten consecutive business days, from July 7 to July 20, 2026. This follows a 50-for-1 reverse stock split approved by shareholders and the Board on June 19, 2026, which took effect on July 6, 2026, addressing a non-compliance notice issued in January 2026.
Key Highlights
- NetClass Technology Inc. regained compliance with Nasdaq's minimum bid price requirement.
- Nasdaq confirmed compliance on July 21, 2026.
- The company was previously notified of non-compliance on January 27, 2026.
- A 50-for-1 reverse stock split was approved on June 19, 2026.
- The reverse stock split became effective on July 6, 2026.
- The stock maintained a closing bid price of $1.00 or more for 10 consecutive business days.
- The compliance period was set to expire on July 27, 2026.
Price Impact
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