---
title: "NetClass Technology Issues Shares for AI and LLM App Development Agreements"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290249857.md"
description: "NetClass Technology issued shares to compensate for AI and LLM development agreements. It granted 2.8 million Class A shares to developer Bangyuan Liu and 3.2 million shares to Akaewood Investment Holding Co. for technical services. Spark, TipRanks’ AI Analyst, rates NTCL as 'Underperform' due to deteriorating financial performance, significant cash burn, and weak technicals."
datetime: "2026-06-18T21:44:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290249857.md)
  - [en](https://longbridge.com/en/news/290249857.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290249857.md)
---

# NetClass Technology Issues Shares for AI and LLM App Development Agreements

NetClass Technology Inc Class A ( (NTCL) ) just unveiled an update.

On May 6, 2026, NetClass Technology Inc. signed a technical development service agreement with independent developer Bangyuan Liu to design and support its LLM-Based Learning APP System over a 12‑month period ending May 5, 2027. As compensation for these services, the company issued 2.8 million Class A ordinary shares on June 15, 2026, treating the equity as payment for ongoing development rather than as an investment or financing.

On the same date, NetClass entered an AI-based technology research and development services agreement with Akaewood Investment Holding Co., Ltd., also for a 12‑month term starting May 6, 2026, to advance its AI technology stack. For this engagement, the company issued 3.2 million Class A ordinary shares on June 15, 2026 as restricted securities under Regulation S, underscoring a strategy of using equity-based consideration to secure external AI expertise while potentially diluting existing shareholders.

**Spark’s Take on NTCL Stock**

According to Spark, TipRanks’ AI Analyst, NTCL is a Underperform.

The score is driven primarily by deteriorating financial performance, including a large FY2025 loss and significant cash burn, which heighten liquidity and execution risk. Technicals also remain weak with the stock trading well below major moving averages. Valuation provides little offset because the negative P/E reflects losses and no dividend yield is available.

To see Spark’s full report on NTCL stock,  
click here.

**More about NetClass Technology Inc Class A**

NetClass Technology Inc. is a Singapore-based education technology company focused on developing AI and large language model (LLM)-driven learning applications. The company is building an LLM-based learning app system with back-end modules for course, user, and content management, and front-end features such as personalized learning, community interaction, and assessment tools aimed at digital education markets.

**Average Trading Volume:** 5,435,778

**Technical Sentiment Signal:** Sell

**Current Market Cap:** $3.7M

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