Classover Holdings Inc. Announces $500 Million Senior Secured Convertible Notes Offering to Enhance SOL Treasury Strategy

Reuters
02 Jun
<a href="https://laohu8.com/S/KIDZ">Classover Holdings Inc</a>. Announces $500 Million Senior Secured Convertible Notes Offering to Enhance SOL Treasury <a href="https://laohu8.com/S/MSTR">Strategy</a>

Classover Holdings Inc. (Nasdaq:KIDZ, KIDZW), a prominent provider of live, interactive online learning, has announced a significant development in its financial strategy with the entry into a securities purchase agreement with Solana Growth Ventures LLC. This agreement involves the issuance of up to $500 million in senior secured convertible notes. An initial closing and funding of $11 million is anticipated promptly once customary closing conditions are met. The notes can be converted into the Company's Class B common stock at an initial conversion price of 200% of the closing price of the stock on the day before the closing date, subject to specific adjustments. As part of the agreement, Classover is committed to allocating up to 80% of the net proceeds towards purchasing Solana $(SOL)$ tokens, further advancing its strategy to establish a SOL-based treasury reserve. This initiative complements a previously announced $400 million equity purchase agreement, bringing the total potential financing capacity to $900 million dedicated to supporting its SOL acquisition strategy. For additional details, the full prospectus can be accessed at the Securities and Exchange Commission's internet site: http://www.sec.gov.

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. Classover Holdings Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1034326) on June 02, 2025, and is solely responsible for the information contained therein.

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