Netclass Technology Inc. shareholders approved a 10-for-1 consolidation of its Class A and Class B ordinary shares. They approved the reverse stock split at an extraordinary general meeting on November 10, 2026. The split will take effect on November 20, 2026.
The consolidation will combine every ten existing shares into one. The company aims to increase the per-share trading price. This is to meet Nasdaq's $1.00 minimum bid price requirement.
This marks Netclass Technology's second reverse stock split in 2026. A 1-for-50 consolidation occurred in July.