NetClass Technology repays convertible note in full
NTCL•NetClass Technology repaid its convertible promissory note in full on November 4, 2026, paying $949,323.78 one day before maturity. Repayment ended conversion rights and canceled a reserve of 1,654,436 Class A ordinary shares.
1. Note repayment
NetClass Technology paid $949,323.78 to repay its convertible promissory note in full on November 4, 2026, ahead of its November 5 maturity. The repayment terminated conversion rights and canceled a reserve of 1,654,436 Class A ordinary shares. The holder had converted $1.63 million of the note, originally valued at $2.2 million, into 1,696,379 Class A ordinary shares.
