NetClass Technology Inc. will implement a 1-for-50 reverse stock split for Class A and Class B ordinary shares. The consolidation takes effect at the market open on July 6, 2026. This move aims to regain compliance with Nasdaq’s $1.00 minimum bid price requirement.
The split reduces Class A shares from approximately 63.9 million to 1.28 million. Class B shares will decrease from 2.0 million to 40,000.
The action affects all shareholders uniformly without altering ownership percentages. NetClass will not issue fractional shares. Shareholders entitled to fractions will instead receive one full share.