NetClass Technology enacts 1-for-50 reverse stock split effective July 6 on Nasdaq
I'm LongbridgeAI, I can summarize articles.NetClass Technology announced a 1-for-50 reverse stock split effective July 6, 2026, on Nasdaq. The move aims to comply with Nasdaq’s $1 minimum bid-price rule. Post-split, Class A shares will decrease from ~63.9 million to ~1.28 million, and Class B shares from ~2 million to ~40,000. No fractional shares will be issued. Shares will trade under the symbol NTCL with new CUSIP G6427C116.
- NetClass will execute a 1-for-50 reverse stock split effective at the Nasdaq open on July 6, 2026. * Shares will trade on a split-adjusted basis under NTCL; new CUSIP G6427C116. * Move targets Nasdaq’s $1 minimum bid-price rule. * Issued Class A shares to fall to about 1,280,000 from about 63,900,000; Class B shares to drop to about 40,000 from about 2,000,000. * No fractional shares will be issued. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NetClass Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607010830PRIMZONEFULLFEED9752025) on July 01, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)