NetClass Technology Inc (NTCL) Form 6-K — Jul 22, 2026
NetClass Technology regained compliance with the Nasdaq Capital Market's minimum bid price requirement of $1.00 per share, effective July 21, 2026. The company's Class A ordinary shares traded at or above this threshold for ten consecutive business days following a corrective corporate action. This compliance was achieved through a 50-for-1 reverse stock split, which was approved by shareholders and the board in June and became effective on July 6, 2026. The extreme consolidation ratio was necessary after the company failed to maintain the $1.00 minimum bid price during the preceding months.
Key figures
- Bid price threshold
- $1.00
- Reverse split ratio
- 50-for-1
- Compliance period end
- 2026-07-20
- Compliance period start
- 2026-07-07
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